<SEC-DOCUMENT>0001292814-22-002631.txt : 20220606
<SEC-HEADER>0001292814-22-002631.hdr.sgml : 20220606
<ACCEPTANCE-DATETIME>20220606170019
ACCESSION NUMBER:		0001292814-22-002631
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220606
DATE AS OF CHANGE:		20220606

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:		22998749

	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>bbarfs4q21_6k.htm
<DESCRIPTION>6-K
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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,serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

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

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

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

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">For the month of June, 2022</P>

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

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

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

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

<P STYLE="font: 20pt Times New Roman,serif; margin: 0; text-align: center"><B>Banco BBVA Argentina S.A.</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">(Exact name of Registrant as specified in its charter)</P>

<P STYLE="font: 20pt Times New Roman,serif; margin: 0; text-align: center"><B>BBVA Argentina Bank S.A.</B></P>

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

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

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman,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,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,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,serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD>
    <TD STYLE="width: 15%; font: 10pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font: 10pt Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 12pt">Form 40-F</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></TR>
  </TABLE>

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

<P STYLE="font: 12pt Times New Roman,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,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,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,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font: 10pt Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 12pt">No</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,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,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,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,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font: 10pt Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 12pt">No</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,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,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,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,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font: 10pt Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 12pt">No</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,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,serif; margin: 0"><BR STYLE="clear: both">
</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman,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,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,serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 12pt">1.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif"><FONT STYLE="font-size: 12pt"><A HREF="ex99-1.htm">Financial Statements as of December 31, 2021.</A></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>


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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt"><B>Banco BBVA Argentina S.A.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">Date:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;June 6, 2022</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">/s/</FONT> <FONT STYLE="font-size: 11pt">Ernesto R. Gallardo Jimenez</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 26%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 10%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 6%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 10%; font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">Name:</FONT></TD>
    <TD STYLE="width: 40%; font-family: Times New Roman,serif"><FONT STYLE="font-size: 11pt">Ernesto R. Gallardo Jimenez</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">Title:</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-size: 11pt">Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

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


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<P STYLE="font: 7pt/8.5pt Verdana,sans-serif; margin: 0 0 0 35.45pt; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 14.05pt 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 14.05pt 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 14.05pt 0 35.45pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman,serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&nbsp;</TD>
  <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>
<P STYLE="font: 12pt Palatino,serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><IMG SRC="bbarfs4q216k_001.jpg" ALT="" STYLE="height: 50px; width: 153px"></FONT></P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD><P STYLE="font: bold 11pt Times New Roman,serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify">BANCO BBVA
ARGENTINA S.A.</P>

<P STYLE="font: bold 11pt Times New Roman,serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify">FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021</P>
</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 14.05pt 0 35.45pt"><B></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: bold 11pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: left">&nbsp;</P>


<P STYLE="font: bold 11pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: left">&nbsp;</P>


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<P STYLE="font: bold 11pt Book Antiqua,serif; margin: 0pt; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><IMG SRC="bbarfs4q216k_002.jpg" ALT="" STYLE="height: 50px; width: 153px"></FONT></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: left; text-indent: -32pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>Banco BBVA Argentina S.A.</B></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: left; text-indent: -32pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>TABLE OF CONTENTS </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Financial statements for the fiscal year ended
December 31, 2021, comparatively presented.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Statement of Financial Position</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Statement of Income</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Statement of Other Comprehensive
Income</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Statement of Changes in Shareholders&rsquo;
Equity</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Statement of Cash Flows</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Notes</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Exhibits</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Independent auditors&rsquo; report on consolidated
financial statements</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Statement of Financial Position</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Statement of Income</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Statement of Other Comprehensive Income</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Statement of Changes in Shareholders&rsquo;
Equity</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Statement of Cash Flows</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Notes</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Exhibits</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Independent auditors&rsquo; report on separate
financial statements</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Supervisory Committee&rsquo;s Report</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Reporting Summary</P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>


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  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 9pt Times New Roman, serif; text-align: center">CONSOLIDATED STATEMENT OF FINANCIAL POSITION</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 9pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; width: 21%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 34%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Notes and Exhibits&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;ASSETS&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Cash and deposits in banks&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,344,920</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">229,595,178</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Cash&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,253,796</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93,935,347</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Financial institutions and correspondents&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144,091,124</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135,659,831</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141,983,557</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130,088,223</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other in the country and abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,107,567</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,571,608</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;Debt securities at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,396,925</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,423,018</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,816,482</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,853,137</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Repo transactions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137,548,495</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,245,015</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Other financial assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,675,853</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,161,601</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Loans and other financing&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379,039,941</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421,910,415</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,064</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,210,155</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,649,324</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374,829,046</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419,251,255</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Other debt securities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184,990,500</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182,041,435</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Financial assets pledged as collateral&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,281,059</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,037,952</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Current income tax assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;15 a)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,254,351</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Investments in equity instruments&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,217,374</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,852,107</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Investments in associates&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,051,222</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,176,821</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Property and equipment&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,921,349</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,970,192</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Intangible assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,675,594</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,345,476</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Deferred income tax assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;15 c)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876,395</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,004,895</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Other non-financial assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,801,686</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,471,217</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Non-current assets held for sale&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302,108</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341,032</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;TOTAL ASSETS&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;1,030,194,254</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,038,430,226</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 21%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 34%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif">Notes and exhibits are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-indent: -1cm"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-indent: -1cm"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 9pt Times New Roman, serif; text-align: center">CONSOLIDATED STATEMENT OF FINANCIAL POSITION</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 9pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 21%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 34%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Notes and Exhibits&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;LIABILITIES&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;Deposits&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;22 and Exhibit H&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;708,336,185</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721,837,845</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,274,474</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,495,619</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217,301</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,300,593</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694,844,410</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712,041,633</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314,215</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284,818</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Other financial liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,592,426</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,209,439</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Financing received from the BCRA and other financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,758,005</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,529,681</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Corporate bonds issued&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502,975</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,764,178</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Current income tax liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;15 b)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354,269</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,618,030</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Provisions&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right; font-family: Times New Roman, serif">&nbsp;27 and Exhibit J&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,613,119</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,320,066</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Deferred income tax liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;15 c)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,209,097</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,379</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Other non-financial liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,901,250</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,197,821</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;TOTAL LIABILITIES&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867,581,541</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881,821,257</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;EQUITY&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Share capital&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612,710</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612,710</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Non-capitalized contributions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,828,416</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,828,416</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Capital adjustments&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,448,304</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,448,304</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Retained earnings&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,149,318</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130,310,611</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Unappropiated retained earnings&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,512,693)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62,604,420)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Accumulated other comprehensive income/(loss)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696,824</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118,384</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Income for the year&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,183,366</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,667,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Equity attributable to owners of the Parent&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159,406,245</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153,381,578</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Equity attributable to non-controlling interests&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,206,468</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,227,391</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;TOTAL EQUITY&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162,612,713</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156,608,969</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;TOTAL LIABILITIES AND EQUITY&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;1,030,194,254</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,038,430,226</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 21%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 34%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif">Notes and exhibits are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-indent: -1cm"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED STATEMENT OF INCOME</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; width: 11%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 33%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 19%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 12%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Notes and Exhibits&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Accumulated as of 12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Accumulated as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Interest income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214,903,278</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179,552,591</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Interest expense&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91,060,398)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62,034,408)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net interest income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123,842,880</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117,518,183</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Commission income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44,704,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,240,167</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Commission expenses&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21,037,187)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24,764,995)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net commission income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,667,493</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,475,172</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Net income from financial instruments at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,364,562</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,948,549</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Net income (loss) from derecognition of assets at amortized cost and at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(122,297)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,486,536)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Foreign exchange and gold gains/(losses)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,539,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,400,228</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Other operating income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,091,572</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,475,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Loan loss allowance&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,267,375)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,988,309)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net operating income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157,116,408</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148,342,782</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Personnel benefits&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31,311,886)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,669,745)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Administrative expenses&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32,432,336)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28,406,642)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Depreciation and amortization&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,581,759)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,137,257)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Other operating expenses&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26,698,671)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24,785,365)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Operating income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,091,756</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,343,773</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Income (loss) from associates and joint ventures&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41,854)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411,891</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Gain (loss) on net monetary position&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(39,967,236)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29,730,083)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Income before income tax&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,082,666</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,025,581</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Income tax&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;15 c)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,777</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12,376,814)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,162,443</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,648,767</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net income for the year attributable to:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Owners of the Parent&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,183,366</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,667,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Non-controlling interests&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,923)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18,806)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 33%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 19%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif">Notes and exhibits are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">EARNINGS PER SHARE</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font: 9pt Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: left">&nbsp;Accounts&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">12.31.21</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 34%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 19%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; width: 13%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Numerator:&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Net income attributable to owners of the Parent&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">21,183,366</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">16,667,573</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Net income attributable to owners of the Parent adjusted to reflect the effect of dilution&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">21,183,366</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">16,667,573</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Denominator:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Weighted average of outstanding common shares for the year&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">612,710,079</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">612,710,079</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Weighted average of outstanding common shares for the year adjusted to reflect the effect of dilution&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">612,710,079</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">612,710,079</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Basic earnings per share (stated in pesos)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">34.5732</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">27.2030</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Diluted earnings per share (stated in pesos) (1)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">34.5732</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">27.2030</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">(1)</TD><TD>As Banco BBVA Argentina S.A. has not issued financial instruments with dilution effects on earnings per share, basic earnings and
diluted earnings per share are equal.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-indent: -21.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3)&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 70%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 13%">Accumulated as of 12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 13%">Accumulated as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Net income&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,162,443</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,648,767</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Other comprehensive income components to be reclassified to net income/(loss):&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Share in Other Comprehensive Income from associates and joint ventures at equity method&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Loss for the year on the Share in OCI from associates and joint ventures at equity method&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,563)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(327,887)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,563)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(327,887)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Profit or losses from financial instruments at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Net income from financial instruments at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687,799</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,527,353</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Reclassification adjustment for the year&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107,002</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,486,537</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Income tax&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(199,755)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,124,942)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595,046</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,888,948</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Other comprehensive income components not to be reclassified to income/(loss):&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Income or loss on equity instruments at fair value through OCI (IFRS 9, paragraph 5.7.5)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Net loss on equity instruments at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,043)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24,721)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Income tax&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,706</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,043)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22,015)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Total Other Comprehensive net income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578,440</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,539,046</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Total Comprehensive Income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,740,883</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,187,813</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Total comprehensive income:&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Attributable to owners of the Parent&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,761,806</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,206,621</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Attributable to non-controlling interests&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,923)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18,808)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
</TABLE>

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  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 73%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font: 9pt Times New Roman, serif">Notes and exhibits are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">CONSOLIDATED
    STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">FOR
    THE YEAR ENDED DECEMBER 31, 2021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">(Stated in thousands
    of pesos in constant currency - Note 3)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="18" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 6pt">2021</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Share</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Non-capitalized</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Other Comprehensive</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Retained</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Capital</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">contributions</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Income</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Earnings</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 29%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 6pt">Outstanding
    shares</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 6pt">Share
    premium</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 8%"><FONT STYLE="font-size: 6pt">Losses
    on financial instruments at fair value through OCI</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">Other</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 6pt">Total
    equity attributable to owners of the Parent</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">Total
    equity attributable to non-controlling interests</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">Total</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt"></FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Unappropriated
    retained earnings</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Adjustments
    to equity</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Transactions</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Legal
    reserve</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Optional
    reserve</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">Restated balances
    at the beginning of the year</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;612,710</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;39,828,416</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">28,448,304</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;202,888</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(84,504)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">34,004,256</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">96,306,355</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(44,424,154)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;154,894,271</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;3,227,391</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">158,121,662</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left"><FONT STYLE="font-size: 6pt">Adjusted
    income from previous years (see Note 2.b))</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;(1,512,693)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(1,512,693)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;(1,512,693)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">Adjusted balance at the beginning
    of the year</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;612,710</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;39,828,416</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">28,448,304</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;202,888</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(84,504)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">34,004,256</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">96,306,355</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(45,936,847)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;153,381,578</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;3,227,391</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">156,608,969</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">Total comprehensive income for
    the year</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;- Net income</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">21,183,366</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;21,183,366</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(20,923)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">21,162,443</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;- Other Comprehensive
    Income for the year</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;595,046</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(16,606)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;578,440</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">578,440</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;-Distribution
    of Unappropriated Retained Earnings as per Shareholders' Resolution dated April 20, 2021 (Note 30)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;Cash
    dividends (1)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(8,987,545)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(8,987,545)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;(8,987,545)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;Absorption
    of accumulated losses</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(44,424,154)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">44,424,154</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;-Distribution of Unappropriated
    Retained Earnings as per Shareholders' Resolution dated November 3, 2021 (Note 30)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;Cash
    dividends (2)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(6,749,594)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(6,749,594)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;(6,749,594)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">Balances
    at fiscal year end</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;612,710</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;39,828,416</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">28,448,304</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;797,934</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">(101,110)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">34,004,256</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">36,145,062</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">19,670,673</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;159,406,245</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;3,206,468</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">162,612,713</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; background-color: white; width: 18%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 12%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 8%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="21" STYLE="font-family: Times New Roman, serif; vertical-align: middle"><FONT STYLE="font-size: 6pt">&nbsp;(1)&nbsp;It represents $ 11.42 per share</FONT></TD></TR>
  <TR>
    <TD COLSPAN="21" STYLE="font-family: Times New Roman, serif; vertical-align: middle"><FONT STYLE="font-size: 6pt">&nbsp;(2)&nbsp;It represents $ 10.61 per share</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">Notes and exhibits are an integral part of these consolidated financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">CONSOLIDATED
    STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">FOR
    THE YEAR ENDED DECEMBER 31, 2020</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">(Stated in thousands
    of pesos in constant currency - Note 3)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="18" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 6pt">2020</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Share</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Non-capitalized</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Other Comprehensive</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Retained</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Capital</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">contributions</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Income</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">Earnings</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 29%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 6pt">Outstanding
    shares</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 6pt">Share
    premium</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 8%"><FONT STYLE="font-size: 6pt">Losses
    on financial instruments at fair value through OCI</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">Other</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 6pt">Total
    equity attributable to owners of the Parent</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">Total
    equity attributable to non-controlling interests</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">Total</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Unappropriated
    retained earnings</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Adjustments
    to equity</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Transactions</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Legal
    reserve</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Optional
    reserve</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 6pt">Restated balances
    at the beginning of the year</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;612,710</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;39,828,416</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">28,448,304</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(7,686,062)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">265,398</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">21,260,631</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">68,793,731</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;4,039,368</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;155,562,496</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;3,241,568</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">158,804,064</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 6pt">Impact
    of the implementation of the financial reporting framework established by the BCRA -IFRS 9, paragraph 5.5 (Note 5.4.f)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;(2,924,997)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">(2,924,997)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;(2,924,997)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">Adjusted balance at the beginning of the year</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;612,710</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;39,828,416</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">28,448,304</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">(7,686,062)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">265,398</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">21,260,631</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">68,793,731</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;1,114,371</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;152,637,499</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;3,241,568</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 6pt">155,879,067</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">Total comprehensive income for the year</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;- Net income</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">16,667,573</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;16,667,573</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(18,806)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">16,648,767</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;- Other Comprehensive Income for the year</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">7,888,950</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(349,902)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">7,539,048</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(2)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;7,539,046</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 6pt">Difference
    derived from the impact of the implementation of the financial reporting framework established by the BCRA -IFRS 9, paragraph 5.5.
    Group &ldquo;C&rdquo; financial institutions</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">4,631</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">4,631</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;-Distribution
    of Unappropriated Retained Earnings as per Shareholders' Resolution dated May 15, 2020 (Note 30)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;Legal Reserve&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">12,743,625</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(12,743,625)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;Cash dividends (1)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(4,624,018)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(4,624,018)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;(4,624,018)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;Other</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">50,975,166</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(50,975,166)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;-Distribution
    of Unappropriated Retained Earnings as per Shareholders' Resolution dated November 20, 2020 (Note 30)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;Cash dividends (2)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(18,838,524)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;(18,838,524)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(18,838,524)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">Balances at fiscal period end</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;612,710</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;39,828,416</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">28,448,304</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;202,888</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 6pt">(84,504)</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">34,004,256</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">96,306,355</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">(45,936,847)</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;153,381,578</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;3,227,391</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">156,608,969</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; width: 18%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 12%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 8%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 6%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="21" STYLE="font-family: Times New Roman, serif; vertical-align: middle"><FONT STYLE="font-size: 6pt">&nbsp;(1)It represents
    $ 4.08 per share</FONT></TD></TR>
  <TR>
    <TD COLSPAN="21" STYLE="font-family: Times New Roman, serif; vertical-align: middle"><FONT STYLE="font-size: 6pt">&nbsp;(2)It represents
    $ 19.59 per share</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="font-family: Times New Roman, serif"><FONT STYLE="font-size: 6pt">Notes and exhibits are an integral part
    of these consolidated financial statements.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt"></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED STATEMENT OF CASH FLOWS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Accounts</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Cash flows from operating activities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Income before income tax&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,082,666</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,025,581</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Adjustment from total gain/loss on net monetary position for the year&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,967,236</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,730,083</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Adjustments to obtain cash flows from operating activities:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,570,195</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,646,636</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Depreciation and amortization&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,581,759</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,137,257</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Loan loss allowance&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,267,375</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,988,309</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Effect of foreign exhange changes on cash and cash equivalents&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,034,055</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15,799,672)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Income/(Loss) from put option taken - Prisma Medios de Pagos S.A.&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,182,000</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(750,180)</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;Other adjustments&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,505,006</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,922</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 65%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 12%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net increases from operating assets:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(309,437,829)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(401,600,133)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Debt securities at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,575,807)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31,267,211)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300,409</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,158,136</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Repo transactions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(102,556,643)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(74,245,015)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Loans and other financing&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(118,922,440)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(159,644,506)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(165)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,894,433)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,851,257)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(116,027,842)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(153,793,420)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Other debt securities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(77,181,154)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(90,463,533)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Financial assets pledged as collateral&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,170,007)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19,032,128)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Investments in equity instruments&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888,271</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(334,856)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Other assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,220,458)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,771,020)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net increases from operating liabilities:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327,285,912</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342,352,459</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Deposits&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270,531,001</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315,889,977</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,616,503</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,457,971</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(878,980)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,420,881</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262,793,478</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311,011,125</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Liabilities at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,234</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,193,506)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198,681</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,030,203)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Other liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,490,996</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,686,191</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Income tax paid&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,756,069)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24,548,506)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle">Total cash flows provided by / (used in) operating activities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116,712,111</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,393,880)</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED STATEMENT OF CASH FLOWS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Accounts</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;Cash flows from investing activities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Payments:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,369,505)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,528,571)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;Purchase of property and equipment, intangible assets and other assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,042,923)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,258,466)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;Other payments related to investing activities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(326,582)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(270,105)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 65%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 12%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;Collections:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871,932</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940,158</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;Other collections related to investing activities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871,932</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940,158</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Total cash flows used in investing activities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,497,573)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,588,413)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;Cash flows from financing activities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Payments:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,374,896)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18,968,072)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Non-subordinated corporate bonds&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,195,096)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17,402,119)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;BCRA&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,572)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Financing from local financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(238,722)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Other payments related to investing activities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,540,196)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Leases&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,400,882)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,561,381)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Collections:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,243</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,242,362</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Non-subordinated corporate bonds&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,665,953</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;BCRA&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,243</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;Financing from local financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,576,409</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Total cash flows used in financing activities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,367,653)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10,725,710)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Effect of exchange rate changes on cash and cash equivalents&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,034,055)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,799,672</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Gain/loss on net monetary position of cash and cash equivalents&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(92,063,088)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(72,599,124)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Total changes in cash flows&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11,250,258)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91,507,454)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Restated cash and cash equivalents at the beginning of the year (Note 7)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,595,178</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321,102,632</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Cash and cash equivalents at fiscal year-end (Note 7)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,344,920</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,595,178</TD></TR>
</TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left; width: 65%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: 9pt Times New Roman, serif">Notes and exhibits are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt"><B>NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt"><B>AS OF DECEMBER 31,
2021 COMPARATIVE WITH THE PREVIOUS YEAR<BR>
(Amounts stated in thousands of Argentine pesos in constant currency &ndash;Note 3)</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: center; text-indent: -10.7pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: center; text-indent: -10.7pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>1.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>General Information</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>1.1.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 3pt"><FONT STYLE="font-size: 10pt"><B>Information on Banco BBVA Argentina S.A.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">Banco BBVA Argentina S.A. (hereinafter, either
&ldquo;BBVA Argentina&rdquo;, the &ldquo;Entity&rdquo; or the &ldquo;Bank&rdquo;) is a corporation (<I>&ldquo;sociedad an&oacute;nima&rdquo;</I>)
incorporated under the laws of Argentina, operating as a universal bank with a network of 243 national branches.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">Since December 1996, BBVA Argentina is part of
the global strategy of Banco Bilbao Vizcaya Argentaria S.A. (hereinafter, either &ldquo;BBVA&rdquo; or the &ldquo;Parent&rdquo;), which
directly and indirectly controls the Entity, by holding 66.55% of the share capital as of December 31, 2021.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">These consolidated financial statements include
the Entity and its subsidiaries (collectively referred to as the &ldquo;Group&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">The financial statements of the subsidiaries were
prepared as of the same dates and for the same years as those of Banco BBVA Argentina S.A. The financial statements of PSA Finance Argentina
Compa&ntilde;&iacute;a Financiera S.A. and Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A. were prepared considering
the financial reporting framework set forth by the Argentine Central Bank (BCRA) for Group &quot;C&quot; financial institutions, which
does not take into account the model established in paragraph 5.5. &ldquo;Impairment&rdquo; of IFRS 9 until fiscal years beginning on
or after January 1, 2022, as stated in Note 2 to these consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">The Entity's subsidiaries are listed below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">&ndash; BBVA Asset Management Argentina S.A.U.
Sociedad Gerente de Fondos Comunes de Inversi&oacute;n: a corporation incorporated under the laws of Argentina as an agent for the management
of mutual funds.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">&ndash; Consolidar Administradora de Fondos de
Jubilaciones y Pensiones S.A. (undergoing liquidation proceedings) &ldquo;Consolidar A.F.J.P. S.A. (undergoing liquidation proceedings)&rdquo;:
a corporation incorporated under the laws of Argentina undergoing liquidation proceedings. On December 4, 2008, Law No. 26425 was enacted,
providing for the elimination and replacement of the capitalization regime that was part of the Integrated Retirement and Pension System,
with a single pay-as-you go system named the Argentine Integrated Retirement and Pensions System (SIPA). Consequently, Consolidar A.F.J.P.
S.A. ceased to manage the resources that were part of the individual capitalization accounts of affiliates and beneficiaries of the capitalization
regime of the Integrated Retirement and Pension System, which were transferred to the Guarantee Fund for the Sustainability of the Argentine
Retirement and Pension Regime as they were already invested, and the Argentine Social Security Office (ANSES) is now the sole and exclusive
owner of those assets and rights. Likewise, on October 29, 2009, the ANSES issued Resolution No. 290/2009, whereby retirement and pension
fund managers interested in reconverting their corporate purpose to manage the funds for voluntary contributions and deposits held by
participants in their capitalization accounts had 30 business days to express their intention to that end. On December 28, 2009, based
on the foregoing and taking into consideration that it is impossible for Consolidar A.F.J.P. S.A. to comply with the corporate purpose
for which it was incorporated, it was resolved, at a Unanimous General and Extraordinary Shareholders&rsquo; Meeting to approve the dissolution
and subsequent liquidation of that company effective as of December 31, 2009.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">&ndash; PSA Finance Argentina Compa&ntilde;&iacute;a
Financiera S.A. (&ldquo;PSA&rdquo;): a financial company incorporated under the laws of Argentina engaged in the granting of pledge loans;
and</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">&ndash; Volkswagen Financial Services Compa&ntilde;&iacute;a
Financiera S.A. (&ldquo;VWFS&rdquo;): a financial company incorporated under the laws of Argentina engaged in the granting of pledge loans.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">Argentine Capital Markets Law No. 26831, enacted
on December 28, 2012 and amended by Law No. 27440 dated May 11, 2018, subsequently regulated through General Resolution No. 622/13 and
General Resolution No. 731/2018 issued by the Argentine Securities Commission (CNV), establishes in section 47 that agents have an obligation
to register with the CNV, to act in the market in any of the capacities set forth in such law. On September 9 and 19, 2014, the Entity
was registered as an Agent for the Custody of Mutual Funds under No. 4 and as a Comprehensive Clearing
and Settlement Agent under No. 42. On August 7, 2014, the subsidiary BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos
Comunes de Inversi&oacute;n was registered as a Mutual Fund Agent under No. 3.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 6pt 1cm; text-align: justify">Part of the Entity's capital stock is publicly
traded and has been registered with the Buenos Aires Stock Exchange, the New York Stock Exchange, and the Madrid Stock Exchange.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>1.2.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 3pt"><FONT STYLE="font-size: 10pt"><B>Economic Context</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">The Bank continues to operate in a complex economic
context, signaled by the persistence of high inflation, although economic activity levels have been recovering since the second half of
2020, amidst the ongoing health emergency. This scenario is accompanied by volatile financial variables, including, among others, a country
risk indicator which has increased even after the successful renegotiation of the sovereign debt last year, as well as the imputed exchange
rates impacting the outstanding public debt denominated in foreign currency.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">Against this backdrop, by means of Decree No. 1042/2020,
the Executive Branch extended the effectiveness of the Public Emergency, Social Solidarity and Productive Revival Law (the &ldquo;Public
Emergency Law&rdquo;) for one additional year, until December 31, 2021, declaring Argentina in economic, financial, administrative, social
security, energy, public health and social emergency. It was subsequently extended until December 31, 2022 pursuant to Decree No. 12/2022
dated January 11, 2022.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">On the fiscal front, in December 2020, the Argentine
Government and the provinces (excluding the City of Buenos Aires) agreed upon a new Fiscal Consensus empowering provincial jurisdictions
to set turnover tax rates, without applying the caps established in the 2017 Fiscal Consensus. Concerning income tax, Law No. 27630 was
enacted and published in the Official Gazette on June 16, 2021. Such law provides for an increase in the income tax rate for large corporations,
including the Bank, from 30% to 35%, effective as from fiscal years beginning on or after January 1, 2021.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">As regards foreign exchange matters, on December
30, 2019, the BCRA published Communication &ldquo;A&rdquo; 6856 establishing the effectiveness of the provisions made known through Communication
&ldquo;A&rdquo; 6770, as amended, whereby, among other measures, it provided that the BCRA's previous consent will be required to access
the foreign exchange market for the remittance of profits and dividends, payment of services to foreign related companies, and early payment
of financial debts (principal and interest) over three business days before their due date. As of the date of these financial statements,
the BCRA issued further regulations imposing new restrictions to access the exchange market.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">Furthermore, the Argentine Government is in the
process of negotiating its foreign debt with its main creditors, including the International Monetary Fund and the Paris Club.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>1.3.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 3pt"><FONT STYLE="font-size: 10pt"><B>COVID-19</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">On March 11, 2020, the World Health Organization
designated the Coronavirus (COVID-19) outbreak as a pandemic, due to its fast pace of proliferation across more than 150 countries. Most
governments took restrictive measures to contain the spread, including, without limitation, social distancing, confinement, lockdowns,
and restrictions to the free movement of people, closure of governmental and private facilities, other than those deemed essential (i.e.,
health, food, fuel and communication facilities), border closures, and drastic reductions in transportation by air, sea, railroad and
land.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">As for Argentina, where the Entity operates, on
March 12, 2020, Executive Decree No. 260/2020, as amended, was issued, declaring the country in health emergency in order to cope with
the crisis brought about by the COVID-19. On March 19, 2020, Executive Decree No. 297/2020 was issued, mandating social and preventive
lockdown measures, effective from March 20, 2020 through November 8, 2020, pursuant to successive extensions established by subsequent
Decrees published in the Official Gazette. By means of Decree No. 875/2020 dated November 7, 2020, the Executive Branch established mandatory
social preventive distancing measures, subsequently extended until April 9, 2021 for people residing in or moving around urban agglomerations
and districts or provinces, to the extent they meet the epidemiological and health parameters therein set forth.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">On March 11, 2021, the Executive Branch passed
Decree No. 167/2021 extending until December 31, 2021 the term of the health emergency declared by means of Law No. 27541 and subsequently
extended by Decree No. 260/2020, as amended. On December 24, 2021, Decree No. 867/2021 extended the health emergency once again until
December 31, 2022.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">The Executive Branch imposed overall prevention
measures by means of Decree No. 235/2021, which came into force on April 10, 2021 and was extended several times by subsequent decrees
until August 6, 2021, taking into consideration the epidemiological and health risk indicators prevailing in each geographic area. On
August 7, 2021, Decree No. 494/2021 was published, establishing the criteria to define epidemiological and health alert scenarios. Such
criteria will remain in effect until October 1, 2021 inclusive. On October 1, 2021, Decree No. 678/2021 was published. Such decree establishes
new general prevention measures, making those already in force more flexible, and regulates the performance of activities involving greater
epidemiological and health risk, effective until December 31, 2021.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">The measures adopted by the Executive Branch originally
led to the slowdown or suspension of most non-essential activities carried out by individuals and, as such, have had significant impact
on the economy at the national, regional and global levels, due to the disruption or slowdown of supply chains, coupled with rising economic
uncertainty, as evidenced by the increased volatility in asset prices and exchange rates, and a decline in long-term interest rates. Then,
due to the epidemiological evolution in different regions of the country, the restrictive measures progressively became more flexible,
allowing to gradually resume economic and personal activities.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">In an effort to address the challenges brought
about by the pandemic, the BCRA took several measures primarily aimed at facilitating credit access by economic players, including, without
limitation:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">eased calculation of days in arrears
and suspension of certain mandatory reclassification provisions for purposes of the financial system's debtors classification and allowance
assessment, according to the BCRA's rules and regulations. Communication &ldquo;A&rdquo; 7245 dated March 25, 2021 establishes the schedule
by which days in arrears for debtors classification will increase. Since June 1, 2021, debtors will have to be classified according to
preexisting arrears criteria;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">maximum limit on positions held by entities
in Bills issued by the BCRA (LELIQs);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">obligation for financial institutions
to grant credit facilities to micro, small and medium enterprises (MSMEs) at an annual nominal interest rate of 24% to cover working capital
requirements or to pay for wages. Since November 6, 2020, the extension of such credit lines is voluntary;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">obligation for financial institutions
to automatically extend the payment term of credit card outstanding balances until September 30, 2020, offering payment plans of up to
9 installments, at an annual interest rate of up to 40% and with a three-month grace period;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">e)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">for mortgage and pledge loans adjustable
by UVA (that is, according to the changes in the CPI), by means of Decrees No. 319/2020 and 767/2020, the Argentine Government suspended
hikes in outstanding installments until January 2021. In addition, an 18-month convergence period will commence in February 2021, in order
for installments to gradually reach ordinary levels, without the impact of the suspended hikes. The difference between the payments made
pursuant to contractual conditions and those arising from the suspension will be payable in new installments not to exceed the amount
of the originally agreed-upon ones upon expiration of the original contractual term;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">f)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">suspended hikes in fees and commissions
(related to savings accounts, credit cards, checking accounts and safety boxes) from November 5, 2020 with maximum percentages allowed
by the BCRA. Such percentages shall be communicated to the BCRA at least 30 days prior to date scheduled to inform the user, and they
shall only be applied 60 days after users have been informed;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">g)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">ceiling rates on credit card revolving
financing facilities and floor rates on time deposits;</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">h)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">obligation for financial institutions
to grant credit facilities to customers and non-customers at a regulatory interest rate of 24% for the purchase of Argentine-sourced capital
goods and for health-care providers and companies which had no access to bank loans. Since November 6, 2020, the extension of such credit
lines is voluntary; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">obligation for financial institutions
to grant credit to businesses under the Employment and Production Emergency Assistance Program (the &ldquo;Program&rdquo;) at a regulatory
interest rate of 15%;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">j)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">under such Program, financial institutions
will be required to grant zero-interest rate credit facilities in pesos (15% of such rate to be subsidized by the Federal Productive Development
Fund or FONDEP, for its Spanish acronym) for taxpayers under the simplified tax regime and self-employed workers engaged in cultural activities,
and applying for them until December 31, 2020, as well as new &quot;2021 zero rate loans&quot; (15% Annual Nominal Rate (TNA) recognized
by the &quot;FONDEP&quot;) for taxpayers under the simplified tax regime, to be granted by financial institutions to customers that apply
for it until January 20, 2022;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">k)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">from October 16, 2020 to March 31, 2022,
large financial institutions, including the Bank, are required to maintain outstanding balances under the &ldquo;Financing line for productive
investments of MSMEs&rdquo; to finance investment projects, working capital and discount of financial instruments equivalent, at least,
to 7.5% of non-financial private sector deposits; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">l)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">for employer customers eligible for
the Productive Recovery Program II (REPRO II), financial institutions will be required to defer unpaid installments with maturity as from
May 14, 2021 to the month following the end of the credit life. In addition, compensatory interest shall only accrue at the contractually
agreed-upon rate.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">In addition, the distribution of dividends by financial
institutions was suspended until December 31, 2021. On December 16, 2021, the BCRA issued Communication &ldquo;A&rdquo; 7421, which authorizes,
with effects from January 1, 2022 to December 31, 2022, the distribution of earnings for up to 20% of distributable earnings and establishes
that, as from January 1, 2022, financial institutions authorized by the BCRA shall complete distributions in 12 equal, monthly and consecutive
installments.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">The events described in Notes 1.2. and 1.3. above
impact the Entity's operations, while also affecting the calculation of expected credit losses under IFRS 9 and the valuation of debt
instruments issued by the public sector (given their new conditions, such as lower rates, longer term and different currency), by decreasing
the financial margin and restricting the Entity's ability to charge fees and commissions on certain activities (withdrawal of funds from
ATMs, transactions carried out at the branch by MSMEs).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">As of December 31, 2021, minimum capital and minimum
cash surpass the minimum thresholds required by the BCRA, with no deficits in these ratios being expected for the following twelve months.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">The Entity's Management monitors the development
of these events on an ongoing basis in order to define the actions to be taken and identify their potential impact on its financial position.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">As of the date of these financial statements, the
above-described events have not had a material impact on the Entity&rsquo;s financial position, results of operations and/or cash flows.
Management believes that no material impacts will occur in the future if activity remains, at least, at current levels.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>2.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Basis for the preparation of the Financial Statements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">These consolidated financial statements as of December
31, 2021 were prepared in accordance with the reporting framework set forth by the BCRA that requires supervised entities to submit financial
statements prepared pursuant to the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards
Board (IASB), with the following exceptions (&ldquo;financial reporting framework set forth by the BCRA&rdquo;):</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Arial Narrow,sans-serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif"><U>Impairment of financial assets</U></FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">Pursuant
to Communication &ldquo;A&rdquo; 6847 issued by the BCRA, the Entity has applied the expected loss model set forth under paragraph 5.5.
of IFRS 9, except for debt instruments issued by the non-financial government sector, which were excluded from the scope of such standard.
If the Entity had applied the impairment model established in paragraph 5.5. of IFRS 9, its shareholders' equity as of December 31, 2021
and 2020 would have been reduced by approximately 6,477,114 and 6,683,932, respectively, net of the deferred tax effect.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">In addition,
on March 19, 2020, the BCRA issued Communication &quot;A&quot; 6938&mdash;which term was subsequently extended by Communication &ldquo;A&rdquo;
7181 dated December 17, 2020&mdash; deferring the application of the impairment model set forth in paragraph 5.5 of IFRS 9 until fiscal
years beginning on or after January 1, 2022 for Group &quot;C&quot; institutions (institutions consolidated by the Bank), which would
remain subject to the impairment model established by the BCRA through Communication &quot;A&quot; 2950, as amended. Such model requires
that financial institutions recognize an allowance for loan losses based on the minimum guidelines set forth by the BCRA.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">Pursuant
to Communication &ldquo;A&rdquo; 7427 dated December 23, 2021, the BCRA extended the application of the aforementioned paragraph until
January 1, 2023 at the option of Group &ldquo;C&rdquo; institutions. The institutions consolidated with the Bank did not exercise such
option.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Arial Narrow,sans-serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif"><U>Measurement of the remaining investment held in Prisma
Medios de Pago S.A.</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">By means
of Memorandum No. 7/2019 dated April 29, 2019, the BCRA established the accounting treatment to be applied to the remaining investment
held by the Entity in Prisma Medios de Pago S.A. recognized under &ldquo;Investments in Equity Instruments&rdquo; as of December 31, 2021
and December 31, 2020 (see Note 16).</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">Additionally,
the Bank recognized an adjustment to previous years&rsquo; profits, at the request of the BCRA. By means of Memorandum No. 8/2021 dated
March 22, 2021, that is, subsequent to the financial statements as of December 31, 2020, the Bank was required to adjust the fair value
recognized in respect of its equity interest in Prisma Medios de Pago S.A. as of December 31, 2020.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">For disclosure
purposes only, such adjustment had an impact on the items &ldquo;Investments in Equity Instruments&rdquo; by 2,161,004 (decrease) and
&ldquo;Unappropriated retained earnings&rdquo; by 1,512,693 (net decrease in deferred income tax) in the comparative Consolidated Statement
of Financial Position and in the comparative Consolidated Statement of Changes in Shareholders&rsquo; Equity as of December 31, 2020.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">In determining
the valuation of such equity interest, the Bank followed the guidelines set out under applicable standards, also considering a valuation
report as of December 31, 2020 issued by independent appraisers.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Arial Narrow,sans-serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif"><U>Memorandum No. 6/2017 on income tax reassessment</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">On May 29, 2017, the BCRA issued Memorandum No. 6/2017
whereby the Entity was required to account for a provision in liabilities for the reassessment of income tax applying the inflation adjustment
for tax purposes. Had the IFRS treatment been applied, liabilities would have decreased by 8,221,908 as of December 31, 2020 as a result
of the reassessment of income tax for fiscal years 2016, 2017 and 2018. As of December 31, 2021 such provision was reversed pursuant to
Note 15.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The exceptions described above imply a deviation from
IFRS.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The significant accounting policies are described
in Note 5 to these consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Furthermore, the BCRA, through Communications &ldquo;A&rdquo;
6323 and 6324, set forth guidelines for the preparation and presentation of the financial statements of financial institutions for fiscal
years beginning on or after January 1, 2018, including the additional reporting requirements as well as the information to be submitted
as Exhibits.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">These financial statements have been approved by the
Board of Directors of Banco BBVA Argentina S.A. on March 3, 2022.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>3.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Functional and presentation currency</B></FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Bank considers the Argentine Peso as the
functional and presentation currency. All amounts are stated in thousands of pesos, unless otherwise stated.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">In accordance with Note 5.20. &ldquo;Measuring
Unit&rdquo;, all fiscal years on these financial statements are stated in constant currency as of December 31, 2021.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>4.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Accounting estimates and judgments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">In preparing these consolidated financial statements,
Management has to make judgments, estimates and assumptions that affect the application of the accounting policies and the reported amounts
of assets, liabilities, income and expenses.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The related estimates and assumptions are based
on expectations and other factors deemed reasonable, the result of which are the basis for the judgments on the value of assets and liabilities,
which are not readily obtained from other sources. Actual results may differ from these estimates.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The underlying estimates and assumptions are continuously
under review. The effect of the review of accounting estimates is recognized prospectively.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>4.1. Judgments</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The information about judgments made in applying
accounting policies that have the most significant effects on the amounts recognized in the consolidated financial statements is described
in Note 5 &ldquo;Significant accounting policies&rdquo; under the following headings:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Note 5.1. &ndash; Determination of the
&ldquo;Basis of consolidation&rdquo; regarding the existence of control of other entities</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Note 5.4.b) &ndash; &ldquo;Classification
of financial assets&rdquo;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Note 5.4.f) &ndash; &ldquo;Impairment
of financial assets&rdquo;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Note 5.17. &ndash; &ldquo;Contracts
containing a lease&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>4.2. Assumptions and estimation of uncertainties</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Information about assumptions and estimation
of uncertainties that have a significant risk of resulting in a material adjustment to these consolidated financial statements is included
in the following notes:</P>

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<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Note 43 b.3) &ndash; &ldquo;Valuation
techniques for Levels 2 and 3&rdquo;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Nota 5.12 &ndash; &ldquo;Provisions&rdquo;,
regarding the likelihood and scope of outflow of resources </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Notes 11, 12 and 13 &ndash; &ldquo;Other
financial assets&rdquo;, &ldquo;Loans and other financing&rdquo; and &ldquo;Other debt securities&rdquo; regarding the impairment of financial
assets.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Note 15 &ndash; &ldquo;Income tax,&rdquo;
regarding availability of future taxable profit against which deferred tax assets and uncertain tax positions may be utilized.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>4.3 Measurements at fair value</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Fair value is the price that would be received
to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">When available, the Group measures the fair
value of a financial instrument using the quoted price in an active market. A market is considered active if transactions take place with
sufficient frequency and volume to provide pricing information on an ongoing basis.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">If there is no quoted price in an active market,
then the Group uses valuation techniques giving the highest priority to relevant market inputs and the lowest priority to unobservable
inputs. The choice of a valuation technique includes all factors market participants would take into consideration for the purposes of
setting the price of the transaction.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Fair values are categorized into different
levels in the fair value hierarchy based on the input data used in the valuation techniques, as follows:</P>

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<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Level 1: quoted prices in active markets
(unadjusted) for identical assets or liabilities.</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Level 2: valuation models using observable
market inputs as significant inputs.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Level 3: valuation models using unobservable
market inputs as significant inputs.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Significant accounting policies and guidelines established by the BCRA.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">The Group has consistently applied the following
accounting policies and guidelines established by the BCRA in the years presented in these consolidated financial statements, except as
indicated in note 15.c) section &ldquo;Inflation adjustment for tax purposes. Fiscal years 2016, 2017 and 2018.&rdquo;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">These financial statements for the year
ended December 31, 2021 have been prepared in accordance with the accounting information guidelines established by the BCRA.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>5.1. Basis of consolidation:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">a) Subsidiaries:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Subsidiaries are all entities (including structured
entities, if any) controlled by the Group. The Group controls an entity if it is exposed to, or has rights to, variable returns from its
involvement with the entity and has the ability to affect those returns through its power over the entity. At each year-end, the Group
reassesses whether it has control upon changes to one or more of the elements of control.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The financial statements of subsidiaries are included
in the consolidated financial statements from the date on which control commences until the date on which control ceases.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Except as mentioned in the following paragraph,
the financial statements of subsidiaries were prepared as of the same dates and for the same fiscal years as those of Banco BBVA Argentina
S.A., consistently applying accounting policies in line with those the Bank relies on.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">In the case of PSA Finance Argentina Compa&ntilde;&iacute;a
Financiera S.A. and Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A., the financial statements were prepared taking
into account the financial reporting framework set forth by the BCRA for Group &ldquo;C&rdquo; financial institutions, which does not
consider paragraph 5.5 &ldquo;Impairment&rdquo; of IFRS 9.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">b) Non-controlling interest</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Non-controlling interests are the portion of profit
or loss and shareholders&rsquo; equity which do not belong to the Group and are disclosed as a separate line in the Consolidated Statement
of Income, the Statement of Other Comprehensive Income, Statement of Financial Position and Statement of Changes in Shareholders&rsquo;
Equity.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">c) Trusts</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Group acts as a trustee for financial, management
and guarantee trusts (see Note 54). Upon determining if the Group controls the trusts, the Group has analyzed the existence of control,
under the terms of IFRS 10. Consequently, how power is configured on the relevant activities of the vehicle, the impact of changes in
returns over those Structured Entities on the Group, and the relation of both have been evaluated on a case-by-case basis. In all cases,
it has been concluded that the Group acts as an agent and therefore does not consolidate those trusts.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">d) Mutual funds</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Group acts as fund manager in various mutual
funds (see Note 55). To determine whether the Group controls a mutual fund, the aggregate economic interest of the Group in such mutual
fund (comprising any carried interests and expected management fees) is usually assessed, and it is considered that investors have no
right to remove the fund manager without cause. In cases where the economic interest is less than 37%, the Group concludes it acts as
an agent for the investors and therefore does not consolidate those mutual funds.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">e) Loss of control</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">When the Group loses control of a subsidiary, it
derecognizes the assets and liabilities of the subsidiary, as well as any related non-controlling interest and other components of equity.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Any resulting gain or loss is recognized in profit
or loss. Any interest retained in the former subsidiary is measured at fair value when control is lost.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">f) Transactions eliminated on consolidation</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Intra-group balances and transactions, and
any unrealized income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">g) Business combinations</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Group accounts for business combinations using
the acquisition method, when control is transferred to the Group. Generally, the consideration transferred upon a business acquisition
is measured at fair value, similarly to the net identifiable assets acquired. The Group also relies on the acquisition method to account
for business combinations with no consideration transferred. Goodwill is tested for impairment on an annual basis. Any income from the
acquisition under the most favorable conditions is recognized in profit. Transaction costs are accounted for as expenses when incurred,
except for those related to the issuance of debt or equity instruments.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>5.2. Foreign currency</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Transactions in foreign currencies are translated
into the respective functional currency of Group entities at the spot exchange rates published by the BCRA at the date of the transactions.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Monetary assets and liabilities denominated in foreign
currencies are translated into the functional currency at the spot exchange rate at fiscal year-end.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Non-monetary assets and liabilities that are measured
at fair value in a foreign currency are translated into the functional currency at the spot exchange rate at the date on which the fair
value is determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated using the spot
exchange rate at the date of the transaction.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Exchange rate differences are recognized in the
Consolidated Statement of Income in the line &ldquo;Foreign exchange and gold gains/ (losses)&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>5.3. Cash and deposits in banks</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The item &ldquo;Cash and cash equivalents&rdquo;
includes cash and unrestricted balances kept with the BCRA and on-demand accounts held at local and foreign financial institutions.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Cash and cash equivalents are booked at amortized
cost in the Consolidated Statement of Financial Position.</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.4. Financial assets and liabilities</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">a) Recognition</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Group initially recognizes loans, deposits,
debt securities issued and liabilities at the date of origination. All other financial instruments (including ordinary purchases and sales
of financial assets) are recognized on the date of negotiation, that is to say, the date when the Group becomes part of the instrument&rsquo;s
contractual provisions.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Group recognizes purchases of financial instruments
with the commitment of non-optional repurchase at a certain price (repos) as a financing granted in the line &ldquo;Repo transactions&rdquo;
in the Consolidated Statement of Financial Position. The difference between the purchase and sale prices of those instruments is recorded
as interest accrued during the term of the transactions using the effective interest method and is accounted for in the line &quot;Interest
income&quot; in the Consolidated Statement of Income.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Financial assets and liabilities are initially recognized
at fair value. Instruments not measured at fair value through profit or loss are recognized at fair value plus (in the case of assets)
or less (in the case of liabilities) the transaction costs directly attributable to the acquisition of the asset or the issuance of the
liability.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The transaction price is usually the best evidence
of fair value at initial recognition.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">However, if the Group determines that the fair
value at initial recognition is different from the consideration received or paid, when the level of the fair value hierarchy is 1 or
2, the financial instrument is initially recognized at fair value and the difference is recognized in profit or loss. If the level of
the fair value hierarchy at initial recognition is 3, the difference
between the fair value and the consideration is deferred over the term of the instrument.</P>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">b) Classification of financial assets</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">On initial recognition, financial assets are
classified and measured at amortized cost, fair value through other comprehensive income (OCI) or fair value through profit or loss.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">A financial asset is measured at amortized
cost if it meets both of the following conditions:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Arial,sans-serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">the asset is held within a business
model whose objective is to hold assets to collect contractual cash flows, and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Arial,sans-serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">The contractual terms of the financial
asset give rise to cash flows that are &ldquo;solely payments of principal and interest.&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">A financial asset is measured at fair value
through OCI if it meets both of the following conditions:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Arial,sans-serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">the asset is held within a business
model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Arial,sans-serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">the contractual terms of the financial
asset give rise to cash flows that are &ldquo;solely payments of principal and interest.&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">On initial recognition of an equity instrument
that is not held for trading, the Group may, for each individual instrument, present subsequent changes in fair value in OCI.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">All other financial assets are classified as
measured at fair value through profit or loss. This category includes derivative financial instruments.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><I><U>Assessment of the business model</U></I></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Group makes an assessment of the objective
of a business model in which an asset is held at a portfolio level. The information considered includes:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Arial,sans-serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">the stated policies and objectives for
the portfolio and the implementation of those policies. In particular, whether Management focuses on revenues derived from contractual
interest;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Arial,sans-serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">how the performance of the portfolio
is assessed and reported to Management;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Arial,sans-serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">the risks that affect the performance
of the business model and how those risks are managed;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Arial,sans-serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">how managers of the portfolio are compensated
&ndash; e.g. whether compensation is based on the fair value of the assets managed or the cash flows collected; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Arial,sans-serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">the frequency, volume and timing of
sales in prior periods, the reasons for such sales and future sales projection. However, information about sales levels is not considered
in isolation, but as part of an overall assessment of how the Group sets its financial asset management objectives.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">Financial assets that are held for trading
or managed and whose performance is evaluated on a fair value basis are measured at fair value through profit or loss.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify"><I><U>Assessment on whether cash flows are &ldquo;solely
payments of principal and interest&rdquo;</U></I></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">In the assessment of whether contractual cash flows
are &ldquo;solely payments of principal and interest&rdquo;, &lsquo;principal&rsquo; is defined as the fair value of the financial asset
on initial recognition. &lsquo;Interest&rsquo; is defined as consideration for the time value of money and for the credit risks associated
with the outstanding principal amount. This includes assessing whether the financial asset contains contractual terms that could change
the timing or amount of contractual cash flows such that it would not meet this condition.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">In performing such assessment, the Group considers:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">contingent events that would change
the amount and timing of cash flows; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">leverage of functions; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">early payment terms and extensions;
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">terms that restrict the Bank's rights
in cash flows from specific assets; and </FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">functions that modify the consideration
of the time value of money (for instance, interest rate periodical reset). </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify"><I><U>Reclassifications</U></I></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Financial assets are not reclassified after their
initial recognition, except for a change in the Group's business models. Financial liabilities are not reclassified.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">c) Classification of financial liabilities</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The Group classifies its financial liabilities,
other than derivatives, guarantees issued and liabilities at fair value through profit or loss as measured at amortized cost.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Financial instruments held for trading and derivatives
are measured at fair value through profit or loss.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Financial liabilities held for trading have been
acquired or incurred primarily to be sold or repurchased in the short term, or are held as part of a portfolio which is jointly managed
to make short-term profits or to take positions. Trade liabilities are initially recognized and then measured at fair value in the Consolidated
Statement of Financial Position, with transaction costs being recognized through profit or loss. Changes in fair value are recognized
through profit or loss as part of the net revenues from trading.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Financial guarantees are contracts that require
the Group to make specified payments to reimburse the holder for a loss that it incurs because a specified debtor fails to make payment
when it is due in accordance with the terms of a debt instrument.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The debt from financial guarantees issued is initially
recognized at fair value. The debt is subsequently measured at the higher of the amortized amount and the present value of any expected
payment to settle the liability when a payment under the contract has become probable.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">The Group recognizes sales of financial instruments
with the commitment of non-optional repurchase at a certain price (repos) as a financing received in the line &ldquo;Repo transactions&rdquo;
in the Consolidated Statement of Financial Position. The difference between the purchase and sale prices of those instruments is recorded
as interest accrued during the term of the transactions using the effective interest method and is accounted for in the line &quot;Interest
expenses&quot; in the Consolidated Statement of Income.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">d) Derecognition of financial assets and liabilities</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The Group derecognizes a financial asset when the
contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows
in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the
Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial
asset.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">On derecognition of a financial asset, the difference
between the carrying amount of the asset and the consideration received and any balance in OCI is recognized in profit or loss.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The Group derecognizes a financial liability when
its contractual obligations are discharged or settled, or expire. When an existing financial liability is replaced with another from the
same borrower under significantly different conditions, or the conditions are substantially modified, said replacement or modification
is treated as a derecognition of the original liability and the recognition of a new liability, and the difference between both is recognized
in profit or loss.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">e) Measurement at amortized cost</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The amortized cost of a financial asset or liability
is the amount at which the financial asset or financial liability is measured at initial recognition minus principal repayments, plus
or minus the amortization, using the effective interest method, of any difference between the initial amount and the amount at maturity.
In the case of financial assets, it also includes any impairment adjustments (doubtful accounts).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">f) Impairment of financial assets</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">By means of Communication &ldquo;A&rdquo; 6778, as
amended, the BCRA established the adoption of the expected credit loss model set forth under paragraph 5.5. of IFRS 9 to calculate allowances
for loan losses, excluding debt instruments issued by the non-financial government sector from the scope of such standard (&ldquo;IFRS
9 as per BCRA&rdquo;) for Group &ldquo;A&rdquo; institutions, effective for fiscal years beginning on or after January 1, 2020, with retroactive
effects. The impact of the change in accounting policy is recognized in Unappropriated retained earnings as of January 1, 2019, which is the transition
date. Until such date, the Entity applied the impairment model established by the BCRA pursuant to Communication &quot;A&quot; 2950 as
amended, which requires the recognition of allowances for loan losses based on minimum guidelines established by the BCRA.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"></P>


<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">As from January 1, 2020, the Bank recognizes the allowance
for loan losses based on the expected credit loss model, for the following financial instruments that are not measured at fair value through
profit or loss:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">financial assets that are debt instruments,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">lease receivables,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">financial guarantee contracts, and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">loan commitments.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">No impairment is recognized in respect of debt
instruments issued by the non-financial government sector or in respect of equity instruments.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Bank measures the allowance for loan losses
as the expected credit losses for the following 12 months on financial instruments (other than lease receivables) which have not experienced
a significant increase in credit risk since initial recognition. The expected credit losses for the following 12 months represent the
portion of expected credit losses resulting from a default event on a financial instrument which is likely to occur within 12 months after
the reporting period end.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">As for the rest, the Bank measures the allowance
for loan losses at an amount equal to the expected credit losses over the life of the instrument.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">An allowance for loan losses related to lease
receivables is always measured at an amount equal to the expected credit losses over the life of the instrument.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><I>Measurement of expected credit losses (ECL)</I></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">ECLs are a weighted average, which is calculated
by considering:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">financial assets that are not impaired at the reporting period end: the
present value of the difference between cash flows owing to the Bank calculated on the basis of contractual terms, and the cash flows
the Bank expects to receive;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">financial assets that are impaired at the reporting period end: it is the
difference between the carrying amount (before allowances) and the estimated present value of future cash flows;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">undisbursed loan commitments: the present value of the difference between
contractual cash flows if the Bank grants a loan, and the cash flows the Bank expects to receive;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">financial guarantee contracts: payments expected to be reimbursed to the
guarantee holder, net of any amount the Bank expects to recover.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify"><I>Restructured financial assets</I></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">If the terms of a financial asset are renegotiated
or amended, or if the financial asset is replaced with another one as a consequence of debtor's financial distress, then such financial
asset will be assessed for derecognition, and an allowance for loan losses will be calculated as follows.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">If the expected restructuring does not result in the derecognition of the
existing asset, then, the expected cash flows from the restructured financial asset are considered.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">If the expected restructuring results in the derecognition of the existing
asset, then, the fair value of the new asset is considered as the final cash flow from the existing financial asset.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify"><I>Impaired financial assets</I></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">At each reporting period end, the Bank assesses
assets measured at amortized cost and debt instruments (financial assets) measured at fair value through OCI for impairment. A financial
asset is impaired when one or more events have occurred having a negative impact on the estimated cash flows from the financial asset.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Evidence that a financial asset is impaired
includes the following observable inputs:</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.85pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">borrower's or issuer's significant financial distress,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.85pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">contractual breach, </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.85pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">restructuring of a loan under conditions the Bank would not otherwise agree
to,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.85pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">when borrower is likely to go into bankruptcy or other form of financial
reorganization, or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.85pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">disappearance of an active market for a security due to issuer's financial
distress.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Historically, the definition of credit-impaired
asset within the scope of IFRS 9 has been largely consistent with the definition of noncompliance used by the Bank for the internal management
of credit risk. In 2021, the Bank updated its definition of noncompliance. Therefore, the definition of credit-impaired asset (Stage 3)
has been updated accordingly and it is deemed to be a change in the accounting estimates, which restores consistency with the definition
of noncompliance and ensures the integration of both definitions in the management of credit risk. This amendment constitutes a change
in an accounting estimate and therefore, it is recognized prospectively.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">A loan that was renegotiated due to an impairment
in borrower's credit status is usually deemed impaired, unless objective evidence exists that the risk of not receiving contractual cash
flows has decreased, with no other evidence of impairment. In any event, a restructuring will be deemed to be affected if the decrease
in the net present value of the financial obligation is higher than 1% according to the new management criteria introduced during 2021.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">In addition, a consumer loan over 90 days past
due is deemed impaired.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Bank considers that the revision of the
definition of credit impairment (noncompliance) resulted in an 803,000 increase in impaired financial assets. In relation to the expected
credit losses, the impact of such revision is not deemed to be significant, given that most of the transactions concerned were previously
classified as Stage 2 and, therefore, the credit risk coverage was already related to the excepted credit losses for the entire useful
life of the transaction.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify"><I>Recognition of the allowance for expected
credit losses</I></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The allowance for expected credit losses is
recognized as follows:</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">&bull; Financial assets measured at amortized
cost: as a write-down of the asset carrying amount in the Statement of Financial Position.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">&bull; Financial assets measured at fair value
through OCI: no allowance is recognized in the Statement of Financial Position because the assets are measured at fair value. However,
the allowance for expected credit losses is recognized in OCI.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">&bull; Loan commitments and financial guarantees
contracts: recognized under the line Provision for contingent commitments under liabilities, in the Statement of Financial Position.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify"><I>Derecognitions</I></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Loans are derecognized (partially or totally)
when there are no realistic expectations of recovery.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify"><U>Accounting policy applicable to Group &quot;C&quot;
institutions (consolidated companies PSA and VWFS)</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">As mentioned in Note 2 to these financial statements,
the BCRA issued Communication &ldquo;A&rdquo; 6938 &mdash; which term was subsequently extended by Communication &ldquo;A&rdquo; 7181
dated December 17, 2020&mdash; deferring the application of the impairment model set forth in paragraph 5.5 &ldquo;Impairment&rdquo; of
IFRS 9 until the fiscal years beginning on or after January 1, 2022 for Group &quot;C&quot; financial institutions. The BCRA, through
Communication &ldquo;A&rdquo; 7427 dated December 23, 2021, extended the application of the section referred until January 1, 2023, at
the option of Group C financial institutions. The institutions consolidated with the Bank did not choose such option. By means of Communication
&ldquo;A&rdquo; 7427 dated December 23, 2021, the BCRA extended the application of the aforementioned paragraph until January 1, 2023
at the option of Group &ldquo;C&rdquo; institutions. The institutions consolidated with the Bank did not exercise such option.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Therefore, as of December 31, 2021 such financial
institutions continue to recognize loan losses from financial assets under the model established by the BCRA by way of Communication &ldquo;A&rdquo;
2950, as amended.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">g) Offsetting of financial assets and liabilities</P>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">Financial assets and liabilities are offset
and their net amount is disclosed in the Consolidated Statement of Financial Position if, and only if, the Group has a legally enforceable
right to offset the amounts recognized and the intention to settle them on a net basis, or the intention to realize the asset and settle
the liability simultaneously.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">Revenues and expenses are disclosed on a
net basis only to the extent permitted by the IFRS, or otherwise to reflect profits or losses arising from a group of similar transactions.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.5. Investments in associates </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">An associate is an entity over which the Group has
a significant influence but no control or joint control over financial and operating policies. Significant influence is presumed to exist
when the Bank holds between 20 and 50 percent of the voting power of another entity. A joint venture is an agreement whereby the Group
has joint control, that is to say, the Group has a right over the net assets, rather than over the assets and liabilities, of the agreement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Interests in associates are accounted for using
the equity method. They are initially recognized at cost, which includes transaction costs. After initial recognition, the consolidated
financial statements include the Group's share in the profit or loss and OCI of investments accounted for using the equity method, until
the date when the significant influence or joint control cease.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">When the Group's share of losses exceeds its interest
in an associate accounted for under the equity method, the carrying amount of such interest, including long-term investments, is written
down to zero, without recognizing additional losses, except to the extent the Group has an obligation or has made payments on behalf of
the investee.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.6. Property and equipment</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Property and equipment items are measured at restated
cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost includes the spot purchase price and expenses
directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating as intended by Management.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">If significant parts of a property and equipment
item have different useful lives, such parts are recognized as separate items (main components) of property and equipment.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Gains or losses from the disposal of a property
and equipment item are carried at net amounts under Other income in the Statement of Income.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Subsequent expenses are only capitalized if they
are likely to provide future economic benefits for the Group. Repairs and maintenance in progress are recognized in profit or loss as
incurred.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Depreciation is calculated using the straight-line
method during the estimated useful lives of the assets and is recognized in the Consolidated Statement of Income under &ldquo;Depreciation
and impairment.&rdquo; The estimated useful lives of significant property and equipment items are as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Buildings: as reported in the technical
appraisal as of January 1, 2017 </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Furniture and facilities: 10 years </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Equipment: 3-5 years </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Vehicles: 5 years </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 30.35pt; text-align: justify">Depreciation methods and useful lives are reviewed
at each reporting date and adjusted prospectively, if necessary.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 35.45pt; text-align: justify">As a non-monetary asset, this item was adjusted
for inflation.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.7. Intangible assets</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Intangible assets include the information systems
restated costs of acquisition and implementation, which are measured at cost less accumulated amortization and impairments, if any.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Subsequent disbursements related to information
systems are only capitalized if the economic benefits of the related asset increase. All other expenses are recognized as a loss as incurred.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Information systems are amortized using the straight-line
method over their estimated useful life of 5 years, and their amortization is recognized in &ldquo;Depreciation and amortization&rdquo;
in the Consolidated Statement of Income.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Amortization methods, as well as the useful life
assigned are reviewed at each reporting date and adjusted prospectively, if applicable.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">As a non-monetary asset, this item was adjusted
for inflation.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.8. Goodwill&#9;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The goodwill arising from the acquisition of subsidiaries
is measured at cost, net of accumulated impairment losses. Goodwill is not amortized but is annually tested for impairment. The cash generating
unit to which the goodwill has been allocated is tested for impairment (including goodwill), at least, on an annual basis or more frequently
when there are indications of impairment.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">As of December 31, 2021, the Entity has recorded
no balances for this item.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.9. Other non-financial assets</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">a) Investment properties</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Investment properties are measured at cost, net
of accumulated depreciation and accumulated impairment losses, if any. The cost includes the spot purchase price and expenses directly
attributable to bringing the asset to the location and condition necessary for it to be capable of operating as intended by Management.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Any gain or loss from the disposal of investment
property (calculated as the difference between net revenues from the disposal and the carrying amount of the item) is recognized in profit
or loss.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">When the use of a given property changes such that
it is reclassified to property and equipment, its fair value as of the reclassification date becomes the cost at which the asset will
be subsequently recognized. As a non-monetary asset, this item was adjusted for inflation.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">b) Assets acquired as security for loans</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Assets acquired as security for loans are measured
at fair value at the date on which the Entity becomes the owner thereof, and any differences with the accounting balance of the related
loan are recognized in profit or loss.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.10. Non-current assets held for sale</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Non-current assets are classified as held for sale,
if it is highly likely that they will be recovered, mainly through their sale, which is estimated to occur within 12 months following
the date of their classification as such.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">These assets or group of assets is generally measured
at the lower of their carrying amount and their fair value less the cost of disposal.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">When a property and equipment item is classified
as &ldquo;non-current assets held for sale,&rdquo; depreciation is no longer applied.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.11. Impairment of non-financial assets</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">At least at each reporting date, the Group assesses
whether there are indications that a non-financial asset may be impaired (except deferred tax assets). If there is such an indication,
the asset's recoverable value is estimated.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">For the impairment test, assets are grouped into
the smallest group of assets generating cash inflows from their continuous use, which are largely independent of the cash inflows from
other assets or other cash generating units (CGU). The business goodwill acquired in business combinations is distributed to CGUs or groups
of CGUs that are expected to benefit from the synergies of the combination.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The &ldquo;recoverable value&rdquo; of an asset
or CGU is the higher of its value in use and its fair value less the cost of sale. The &ldquo;value in use&rdquo; is based on estimated
cash flows, discounted at their present value using the pre-tax interest rate that reflects current market assessment of the time value
of money and the risks specific to the asset or CGU.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">If the accounting balance of an asset (or CGU) is
higher than its recoverable value, the asset (or CGU), is considered impaired and its carrying amount is reduced to its recoverable value
and the difference is recognized in profit or loss.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify"><FONT STYLE="color: windowtext">Reversal of an impairment
loss for goodwill is prohibited. For other assets, an impairment loss is reversed only to the extent the accounting value of the assets
does not exceed the value they would have had if the impairment had not been recognized</FONT>.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.12. Provisions</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The Group recognizes a provision if, as a result
of a past event, there is a legal or implied obligation for an amount that can be reliably estimated and it is likely that an outflow
of resources will be required to settle such obligation.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">To assess provisions, the existing risks and uncertainties
were considered, taking into consideration the opinion of the Group's external and/or internal legal advisors. Based on the analysis carried
out, the Group recognizes a provision for the amount considered as the best estimate of the potential expense necessary to settle the
present obligation at each year-end date.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The provisions recognized by the Group are reviewed
at each year-end date and adjusted to reflect the best estimate available.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.13. Personnel benefits</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">a) Short-term personnel benefits</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Short-term personnel benefits are recognized in
profit or loss when the employee provides the related service. A provision is recognized if the Group has the legal or implied obligation
as a result of past services provided by the employee, to pay an amount that can be reliably estimated.</P>


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<P STYLE="font: 12pt Arial,sans-serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">b) Other long-term personnel benefits</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The Group's obligation in relation to long-term
personnel benefits is equivalent to the amount of the future benefit the employees have earned in exchange for services provided during
the reporting and prior years. The benefit is discounted at present value. Changes in the measurement of the obligation are recognized
in profit or loss.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">c) Termination benefits</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Termination benefits are accounted for as an expense
at the earlier of the following dates: when the Group can no longer withdraw the offer of those benefits and when the Group recognizes
restructuring costs. If benefits are not expected to be settled in full within the 12 months subsequent to the reporting date, then such
benefits are discounted.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.14. Share Capital </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Incremental transaction costs directly attributable
to the issuance of common shares are recognized as a reduction in the contributions received, net of the related income tax.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>5.15. Interest income and expenses</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Interest income and expenses are recognized in profit
or loss using the effective interest method. The effective interest rate is the rate whereby the contractual payment and collection cash
flows are discounted during the expected lifetime of the financial instrument at the book value of the financial asset or liability.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">The calculation of the effective interest rate includes
transaction costs, commissions and other items paid or received that are an integral part of the effective interest rate. Transaction
costs include incremental costs that are directly attributable to the acquisition of a financial asset or the issuance of a financial
liability.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">The &ldquo;amortized cost&rdquo; of a financial
asset or liability is the amount at which the financial asset or financial liability is measured at initial recognition minus principal
repayments, plus or minus cumulative amortization, using the effective interest method of any difference between the initial amount and
the amount at maturity and, for financial assets, adjusted for any expected credit loss provision. The &ldquo;gross carrying amount of
a financial asset&rdquo; is the amortized cost of a financial asset before adjustments to reflect the expected credit loss provision.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">In calculating interest income and expenses, the
effective interest rate is applied to the gross carrying amount of the asset (when the asset is not credit impaired) or to the amortized
cost of the liability.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">However, for credit-impaired financial assets
after initial recognition, interest income is calculated by applying the effective interest rate to the amortized cost of the financial
asset. If the asset is no longer credit impaired, then interest income is again calculated on a gross basis.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Interest income and expenses presented in the Consolidated
Statement of Income include interest on:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">financial assets and liabilities measured
at amortized cost; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">financial assets measured at fair value
through OCI. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify"><B>5.16. Commission income and expenses</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">This item includes commission income from transactions
with customers, primarily related to maintenance and administration commissions in respect of checking accounts, savings accounts, credit
cards, custody of securities and exchange transactions.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">Commissions, fees and similar items that are part
of a financial asset or liability's effective interest rate are included in the measurement of the effective interest rate.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">The breakdown of commission income is presented
in Note 33 to these financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">The Bank has a customer loyalty program in
place consisting in the accumulation of Latam Airlines miles for Premium and Premium World customers through credit card
consumptions that can be exchanged for air tickets, catalog products or hotel accommodation. This program is a separate performance
obligation in the contract with the customer. The Bank has concluded
that it is acting as an agent in relation to the airline miles and consequently, the allocated transaction price consists only of the
commission on the amounts paid to the principal (Latam Airlines).</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">In addition, since January 1, 2021, the Bank has
a new benefit program in place, whereby it offers points to individual customers, which can be redeemed for various products and/or services.
While the program is managed by the Bank, it has concluded that it is acting as an agent in relation to the points and consequently the
allocated transaction price consists only of the commission on the amounts paid to the principal.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">All other commission income items, including service,
mutual funds management, and loan syndication fees, and sales commissions, are recognized when the related service is rendered.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>5.17. Leases </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 10pt 1cm; text-align: justify">IFRS 16 introduces a single lessee accounting model,
requiring that lessees recognize a right of use asset asset and a lease liability representing the obligation to make lease payments.
The Entity has opted to apply the exceptions related to the recognition of short-term leases and leases where the underlying asset is
of low value.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">As to the lessor's accounting, IFRS 16 substantially
keeps the requirements of IAS 17. Therefore, lessors continue classifying leases as operating or finance, and each of them is recognized
differently.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 10pt 1cm; text-align: justify">The Group recognizes the right of use as an asset
and the lease liability as a liability, mainly related to the leases of offices in its branch network (Note 29).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">As of December 31, 2021, the Entity has not entered
into agreements related to variable lease payments. As of such date, there are no leases that have not yet commenced, pursuant to which
the Entity has undertaken commitments, and which enter into force in subsequent years.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 10pt 1cm; text-align: justify">Below is a detail of the related accounting policies:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><I>Contracts that contain a lease</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">At the contract inception, the Group evaluates whether
a contract is, or contains a lease. A contract is or contains a lease if the contract conveys the right to control the use of an identified
asset for a period of time in exchange for consideration.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><I>As a lessor</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">When the Group acts as a lessor, at lease inception,
it determines whether it is a finance or an operating lease.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">To classify each lease, the Group evaluates if it
transfers substantially all the risks and rewards incidental to ownership of the leased asset. If this is the case, then the lease is
a finance lease, otherwise, it is an operating lease.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">In a finance lease, the leased asset is derecognized
and recognized as a receivable for an amount equivalent to the net investment in the lease under &ldquo;Loans and other financing.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Lease payments included in the measurement of the
net investment are as follows:&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 7.65pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Fixed payments, including in-substance fixed payments;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 7.65pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Variable lease payments, which depend on a rate or index, initially measured
using the rate or index as at the lease commencement date;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 7.65pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Any amounts expected to be payable under a residual value guarantee;</FONT></TD></TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 7.65pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The exercise price under purchase options, if it is reasonably certain that
they will be exercised;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 7.65pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Any penalties for early termination, if it is reasonably certain that the
contract will be early terminated.</FONT></TD></TR></TABLE>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Payments received under a finance lease are broken
down into interest and the reduction of the net investment in the lease. Interest is recognized over the lease term applying an effective
interest rate. Contingent leases are not considered in determining the net investment in the lease.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">In an operating lease, the leased asset (generally
investment properties) is not derecognized, and the collection received is recognized as revenues applying the straight line method.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><I>As a lessee</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The Group recognizes a right of use asset and a lease
liability at the commencement date. The right of use asset is initially measured at cost, which comprises the initial amount of the lease
liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate
of costs to dismantle or restore the underlying asset, less any incentives received.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The right of use asset is subsequently depreciated
using the straight-line method from the commencement date to the expiration of the lease term.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The lease liability is initially measured at the present
value of the lease payments that were not paid at the commencement date, discounted using the Group&rsquo;s incremental borrowing rate.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Lease payments included in the measurement of the
lease liability comprise the following:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.6pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Fixed payments, including in-substance
fixed payments;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Variable lease payments, which depend
on a rate or index, initially measured using the rate or index as at the lease commencement date;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Any amounts expected to be payable under
residual residual value guarantee;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">The exercise price under a purchase
options, if it is reasonably certain that they will be exercised;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">e)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Any amounts expected to be payable for
renewal periods if it is reasonably certain that the extension options will be exercised; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">f)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Any penalties for early termination,
if it is reasonably certain that the contract will be early terminated.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 60.6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">The lease liability is measured at amortized cost
using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in a rate
or index, if there is a change in the Group&acute;s estimate of the amount expected to be payable under a residual value guarantee or
if the Group changes its assessment of whether it will exercise a purchase, extension or early termination option.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">When the lease liability is remeasured, the relevant
adjustment is made to the right of use asset.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">US dollar-denominated lease liabilities are converted
into functional currency at the spot exchange rate as of the reporting date. Exchange gains or losses resulting from conversion are recognized
in profit or loss.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">The Group has elected not to recognize right-of-use
assets and liabilities for leases of low-value assets and short-term leases, including IT equipment. The Group recognizes the lease payments
associated with these leases as an expense, on a straight-line basis during the lease term.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/105% Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>COVID-19-related Rent Concessions</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The Group has not adopted the &ldquo;COVID-19-related
rent concessions&rdquo; amendment to IFRS 16 <I>Leases.</I> The Group does not apply the practical expedient that allows entities not
to assess whether the eligible rent concessions occurring as a direct consequence of the COVID-19 pandemic are lease modifications. Accordingly,
the Group assesses whether a lease modification exists.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>5.18. Investments in equity instruments</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">By virtue of the partial sale of the shareholding
in Prisma Medios de Pago S.A. as explained in Note 16, the remaining stake has been measured by the Entity&rsquo;s Management at fair
value through profit or loss on the basis of a valuation report issued by independent
appraisers, net of the valuation adjustment mandated by the BCRA in Memorandum No. 7/2019 and Memorandum No. 8/2021 and the collection
of dividends. The accounting criteria applied, as mentioned above, imply a deviation from IFRS.</P>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>5.19 Current and deferred income tax</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Income tax expense for each period includes
the current income tax and deferred income tax and is recognized in profit or loss, except to the extent that it relates to an item recognized
in OCI or directly in shareholders&rsquo; equity.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">a) Current tax</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Current income tax includes the income tax
payable, or advances made during the year and any adjustment payable or receivable related to previous years. The amount of the current
tax payable (or to be recovered) is the best estimate of the amount that is expected to be paid (or to be recovered) measured at the applicable
rate at the year-end date.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">b) Deferred tax</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Deferred income tax recognizes the tax effect
of temporary differences between the accounting balances of the assets and liabilities and the related tax bases used to assess taxable
income.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Deferred tax is not recognized on:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Temporary differences arising from the initial recognition of assets or
liabilities in a transaction other than a business combination and which does not affect either the accounting or the taxable profit or
loss. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Temporary differences associated with investments in subsidiaries, to the
extent it is probable that the reversal will not occur in the foreseeable future; and </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Taxable temporary differences arising from the initial recognition of goodwill.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">A deferred tax liability is recognized for
the tax effect of all taxable temporary differences.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">A deferred tax asset is recognized for the
tax effect of unused tax losses and deductible temporary differences, insofar as it is likely that future taxable income will be generated
against which such temporary differences can be applied. Future taxable income is determined on the basis of the Bank&rsquo;s and its
subsidiaries&rsquo; business plans. Deferred tax assets are reviewed at each year-end date, and are reduced to the extent the associated
tax benefits are no longer expected to be realized. Such reductions are reversed as future taxable income is more likely to be generated.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Deferred tax assets that have not been recognized
will be reassessed at each year-end date and will be recognized insofar as it is likely that the Entity will have future taxable income
against which such assets can be applied.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Deferred tax is measured at the tax rates expected
to be applied upon reversal of the temporary differences, using enacted or substantially enacted tax rates at year-end.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The measurement of deferred tax reflects the
tax consequences of the manner in which the Group expects to recover or settle the carrying amount of its assets and liabilities at year-end.
&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Deferred tax assets and liabilities can be
offset only if certain criteria are met.</P>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify"><B>5.20. Measuring Unit&#9;</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">IAS 29 requires that the financial statements
of an entity whose functional currency is that of a hyperinflationary economy be stated in the measuring unit current at the reporting
period end. IAS 29 provides certain qualitative and quantitative guidelines to determine the existence of a hyperinflationary economy.
Accordingly, hyperinflation shall be deemed to exist where the last three years' cumulative inflation approaches or exceeds 100%. In Argentina,
consensus has been reached among local professional associations in that, as from July 1, 2018, the Argentine economy should be regarded
as hyperinflationary based on the guidelines established in IAS 29.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">By means of Communication &ldquo;A&rdquo; 6651,
as amended, the BCRA mandated the retroactive application of IAS 29 to fiscal years beginning on or after January 1, 2020.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Entities should rely on the following price
indexes for such purposes:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">for items subsequent to December 2016: Consumer Price Index (CPI) compiled
by the Argentine Institute of Statistics and Census (&ldquo;INDEC&rdquo;), and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">for items previous to December 2016: The price index released by the Argentine
Federation of Professional Councils of Economic Sciences (FACPCE).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Under IAS 29, assets and liabilities, which
are not stated in the measuring unit current at the end of the reporting period, are restated by applying the price index. The restated
value of a non-monetary item is reduced when it exceeds its recoverable value.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Entity recognized the impact of the adoption
of IAS 29 at the beginning of the first year of application under Unappropriated retained earnings. All items of the Consolidated Statements
of Income and Other Comprehensive Income are restated into the measuring unit current at year-end. The gain or loss on net monetary position
is recognized in the Consolidated Statement of Income under &ldquo;Gain (loss) on net monetary position,&rdquo; except for gains or losses
related to investments in equity instruments at fair value through profit or loss, which are recognized in real terms under &ldquo;Net
income from financial instruments at fair value through profit or loss&rdquo; in the Consolidated Statement of Income.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Bank prepares its financial statements
based on the historical cost approach, and has applied the guidelines of IAS 29 as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the Statement of Financial Position as of December 31, 2021 was restated;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the Statements of Income, Other Comprehensive Income, Changes in Shareholders'
Equity and Cash Flows for the period ended December 31, 2021 were restated, calculating and separately disclosing the gain or loss on
net monetary position.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Comparative information as of December 31, 2020 arising from the financial
statements in constant currency as of such date was restated in the measuring unit current as of December 31, 2021.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">In applying IAS 29 to the Statement of Financial
Position, the Bank has relied on the following methodology and criteria:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Non-monetary assets and liabilities were restated by applying the price
index from their date of recognition. The restated amounts were written down to their recoverable values, applying the relevant IFRS,
where appropriate.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Monetary assets and liabilities were not restated.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Assets and liabilities contractually related to changes in prices, such
as index-linked securities and loans, were measured on the basis of the related contract.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The measurement of investments accounted for under the equity method was
based on associates' and joint businesses' information prepared in accordance with IAS 29.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">e)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Deferred income tax assets and liabilities were recalculated on the basis
of the restated amounts.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">In applying IAS 29 to the Statements of Income,
other comprehensive income and cash flows, the Bank has relied on the following methodology and criteria:</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">All items of the Statements of Income, other comprehensive income and cash
flows were restated into the measuring unit current at December 31, 2021.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The gain or loss on net monetary position is recognized in the Statement
of Income (with the exceptions mentioned above regarding investments in equity instruments measured at fair value).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The gain or loss on cash and cash equivalents is disclosed in the Statement
of Cash Flows separately from the cash flows from operating, investing and financing activities, as a reconciling item between cash and
cash equivalents at the beginning of the year and at year-end.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt 1cm; text-align: justify"><B>5.21. Change in Business Model</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Since January 1, 2021, there was a change in the Entity's
business model associated with the valuation of holdings of fixed income instruments with a remaining maturity of over 90 days at the
time of acquisition and which, as provided for by the BCRA, are allowed to be used to meet minimum cash or reserve requirements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Previously, these securities were considered under
the HTC&amp;S (Held to Collect and Sell) business model and measured at fair value through OCI, in line with Management&rsquo;s plan to
hold these financial instruments to meet minimum cash or reserve requirements, and also to sell them, considering that the BCRA&rsquo;s
requirement would be temporary in light of the prevailing economic conditions.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">In 2020, the BCRA extended the obligation to hold
these instruments to meet minimum cash or reserve requirement, leading the Bank&rsquo;s Management to reconsider the business model for
these financial assets.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">As mentioned in the first paragraph, fixed income
instruments, regardless of their form of adjustment, issued by the federal, provincial or municipal government or by the BCRA (monetary
regulation instruments) will be considered under the HTC (Held to Collect) business model and measured at amortized cost.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2021, the Entity reclassified 22,565,485
to amortized cost.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">In addition, for information purposes only, the fair
value and the decrease through total comprehensive income as of December 31, 2021 would have amounted to 22,084,903 and 480,582, respectively,
if these financial assets had not been reclassified.</P>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify"><B>5.22. Comparative Information</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The Consolidated Statement of Financial Position,
Income, Other Comprehensive Income, Changes in Shareholders&rsquo; Equity and Cash Flows, and related Notes as of December 31, 2021 are
comparatively presented with the prior year end.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Comparative information was restated at year-end
currency as described in Note 5.20.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Certain changes were also made as a result
of adjustments to prior years&rsquo; profits or losses, as described in Note 2.b).</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The modification of the comparative information
does not imply changes in the decisions taken based thereon.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 12pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Changes to accounting policies and new IFRS issued but not yet effective</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Pursuant to Communication &ldquo;A&rdquo; 6114
issued by the BCRA, as the new IFRS are approved, or the current IFRS are modified or repealed and, once such changes are adopted by the
Argentine Federation of Professional Councils of Economic Sciences (FACPCE) by means of Notices of Adoption, the BCRA shall issue a statement
announcing its approval for financial institutions. In general, early adoption of an IFRS shall not be allowed, unless specifically admitted
when adopted.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The following new or amendments to the current
IFRS are effective as from the fiscal year beginning on January 1, 2022. Early adoption is permitted. These amendments were not early
adopted by the Group in these consolidated financial statements.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #4BACC6">
    <TD STYLE="width: 80%; border-top: white 1pt solid; border-bottom: Black 1pt solid; border-left: white 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>New Standard or Amendment</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Effective as from</B></FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Onerous Contracts. Cost of Fulfilling a Contract (Amendment to IAS 37)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">January 1, 2022</FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Annual Improvements to IFRS 2018-2020 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">January 1, 2022</FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Property, Plant and Equipment &mdash; Proceeds before Intended Use (Amendment to IAS 16) </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">January 1, 2022</FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Reference to the Conceptual Framework (Amendments to IFRS 3)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">January 1, 2022</FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">IFRS 17 Insurance Contracts and Amendments to IFRS 17</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">January 1, 2023</FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Classification of Liabilities as Current or Non-current (Amendment to IAS 1)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">January 1, 2023</FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Definition of accounting estimates (Amendment to IAS 8)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">January 1, 2023</FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Disclosure of accounting policies (Amendments to IAS 1 and IFRS Practice Statement 2)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">January 1, 2023</FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Deferred tax related to assets and liabilities arising from a single transaction (Amendment to IAS 12)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">January 1, 2023</FONT></TD></TR>
  <TR STYLE="background-color: #DAEEF3">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Sale or Contribution of Assets between an Investor and its Associate or Joint Venture</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Optional</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 10pt 39.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 10pt 1cm; text-align: justify">The Group considers these new standards or amendments
will not have a material impact on its consolidated financial statements.</P>

<P STYLE="font: 10pt/12pt Palatino,serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Cash and Deposits in Banks</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The breakdown in the Consolidated Statement
of Financial Position and the balance of cash and cash equivalents calculated for the purposes of the preparation of the Consolidated
Statement of Cash Flows is as follows:</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">BCRA - Current account</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141,983,557</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130,088,223</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Cash</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,253,796</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93,935,347</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Balances with other local and foreign institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,107,567</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,571,608</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,344,920</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,595,178</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>8.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Debt securities at fair value through profit or loss</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,396,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,381,603</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Private securities - Corporate bonds</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,415</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,396,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,423,018</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>9.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Derivatives</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify"><U>Bank: </U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm">In the ordinary course of business, the Bank carried out foreign currency
forward transactions with daily or upon-maturity settlement of differences, with no delivery of the underlying asset and interest rate
swap transactions. These transactions do not qualify as hedging pursuant to IFRS 9 - &ldquo;Financial Instruments&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 1cm">The aforementioned instruments are measured at fair value and were
recognized in the Consolidated Statement of Financial Position in the item &ldquo;Derivative instruments&rdquo;. Changes in fair values
were recognized in the Consolidated Statement of Income in &ldquo;Net income/(loss) from measurement of financial instruments at fair
value through profit or loss&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 6pt 28.3pt">Breakdown is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 7.05pt 6pt 1cm; text-align: justify"><U>Assets</U></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Debit balances linked to foreign currency forwards pending settlement in pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,813,384</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,069,007</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Debit balances linked to interest rate swaps: Floating-to-fixed&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,098</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Premiums from put options taken - Prisma Medios de Pago S.A. (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,784,130</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,816,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,853,137</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 8pt">On October 1, 2021, the Bank, together with the other
Class B Shareholders, gave notice of the exercise of the put option and therefore started the procedure to sell 49% of the capital stock
in Prisma Medios de Pago S.A. (see Note 16.1).</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Times New Roman,serif; margin: 0 7.05pt 0 53.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 6pt 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 6pt 1cm; text-align: justify"><U>Liabilities</U></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Credit balances linked to foreign currency forwards pending settlement in pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284,818</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284,818</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The notional amounts of the forward transactions
and foreign currency forwards, stated in US Dollars (US$) and in Euros as applicable, as well as the base value of interest rate swaps
are reported below:</P>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign currency forwards</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;Foreign currency forward purchases - US$</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,189,085</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,011,403</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency forward sales - US$</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,129,832</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978,794</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency forward sales - Euros</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,432</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,834</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Interest rate swaps</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Floating-to-fixed (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD></TR>
  </TABLE>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt">(1)</TD><TD STYLE="padding-right: 7.05pt">Floating rate: Badlar rate, interest rate for deposits over one million pesos, for a term of 30 to 35
days.</TD></TR></TABLE>

<P STYLE="font: 7pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>10.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Repo transactions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><U>Reverse repurchase transactions</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Amounts receivable from reverse repurchase transactions of BCRA Liquidity Bills with the BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137,548,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,245,015</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137,548,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,245,015</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><U>Repurchase transactions</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">No transactions were accounted for in the years
ended December 31, 2021 and 2020.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>11.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other financial assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 7.1pt 0 1cm; text-align: justify">The breakdown of other financial assets is
as follows:</P>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Measured at amortized cost</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other receivables</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,814,612</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,348,687</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Receivables from sale of ownership interest in Prisma Medios de Pago S.A. (Note 16.1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,424,512</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,942,701</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Financial debtors from spot transactions pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,614,126</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,682,087</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Non-financial debtors from spot transactions pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,098</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157,355</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197,522</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208,031</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,058,870</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,338,861</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Measured at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Mutual funds</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,905,039</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,221,661</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,905,039</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,221,661</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(288,056)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(398,921)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,675,853</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,161,601</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>12.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Loans and other financing</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt 1cm; text-align: justify">The Group holds loans and other financing under
a business model intended to collect contractual cash flows. Therefore, it measures loans and other financing at amortized cost. Below
is a breakdown of the related balance:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157,138,508</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172,881,176</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40,950,803</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,445,738</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Discounted instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,133,603</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,855,759</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,908,902</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,276,295</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,528,190</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,280,711</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Unsecured instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,402,921</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,191,592</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,341,659</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,225,767</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Loans for the prefinancing and financing of exports</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,342,611</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,120,247</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,251,812</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,528,634</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Loans to personnel</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,916,555</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,218,012</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Receivables from finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,912,334</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,818,742</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Instruments purchased</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,838,046</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,493,874</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,064</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,026,298</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71,377,213</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392,692,982</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441,723,596</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,653,041)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19,813,181)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379,039,941</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421,910,415</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B><U>Finance leases</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The Group as lessor entered into finance lease agreements
related to vehicles and machinery and equipment. The following table shows the total gross investment in the finance leases (lease-purchase
agreement) and the current value of the minimum payments to be received thereunder:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.05pt 0 1cm; text-align: justify; text-indent: 0.75in">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 32%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 6%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 14%">Total investment</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 14%">Current value of minimum payments</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 6%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 14%">Total investment</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 14%">Current value of minimum payments</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">Term</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Up to 1 year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,426,378</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803,133</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,663,407</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,124,294</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">From 1 to 2 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,293,733</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;810,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,037,441</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696,579</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From 2 to 3 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,044,786</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755,466</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633,395</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452,162</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">From 3 to 4 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495,064</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364,293</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414,372</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311,675</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From 4 to 5 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181,117</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178,947</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286,520</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234,032</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,441,078</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,912,334</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,035,135</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,818,742</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Principal</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,822,018</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,732,548</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest accrued</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90,316</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86,194</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,912,334</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,818,742</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The breakdown of loans and other financing according
to credit performance (determined as per the criteria set forth by the BCRA in the debtor classification regulations) and guarantees received
are presented in Exhibit B. The information on concentration of loans and other financing is presented in Exhibit C. The reconciliation
of the information included in that Exhibit to the carrying amounts is shown below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Total Exhibits B and C</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401,099,867</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453,038,432</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Plus:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;&nbsp;&nbsp;&nbsp;BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,064</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;&nbsp;&nbsp;&nbsp;Loans to personnel</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,916,555</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,218,012</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and other items accrued receivable from financial assets with <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;credit value impairment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453,585</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211,732</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Less:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,653,041)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19,813,181)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Adjustments for effective interest rate</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,643,481)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,039,692)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate bonds</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,395,361)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(436,759)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Loan commitments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,738,183)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10,277,193)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Total loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379,039,941</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421,910,415</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Note 47.2 to these consolidated financial statements
contains information on credit risk associated with loans and other financing and allowances measured using the expected credit loss model.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>


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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B><U>Trade-related loans</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; background-color: white; width: 59%">Economic Area/Activity</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; background-color: white; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,210,155</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,649,324</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Agriculture and Livestock</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,055,541</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,140,405</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Mining</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,060,318</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,211,686</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other products</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,194,085</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,606,330</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Electricity, oil, water and health care services</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170,812</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,385,671</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Retail and wholesale</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,863,263</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,626,700</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Transport</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,992,545</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,655,949</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Services</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,931,929</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,716,203</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,459,384</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60,243,005</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Construction</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,184,819</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,813,538</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Consumption</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215,916,350</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232,860,832</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379,039,941</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421,910,415</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2021 and 2020, the Group holds
the following loan commitments booked in off-balance sheet accounts according to the financial reporting framework set forth by the BCRA:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Liabilities related to foreign trade transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,397,650</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95,724</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Secured loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,344,706</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,811,373</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Unused overdrafts and loans granted</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,141,733</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,239,326</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Guarantees granted</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854,094</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,130,770</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,738,183</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,277,193</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -0.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Risks related to the aforementioned loan commitments
are assessed and controlled within the framework of the Group's credit risks policy (Note 47.1).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B><U>Financing line for productive investments &ndash;
2020, 2021 and 2021/2022 Quotas</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">As mentioned in Note 1.3, the BCRA established a financing
line for productive investments of MSMEs (MiPyMEs, as per its Spanish acronym) aimed at financing CAPEX and/or the construction of the
facilities needed for the production and/or marketing of goods and/or services, financing working capital and discounting deferred checks
and other instruments, and other special eligible facilities allowed by applicable laws.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The facilities should be granted as part of the 2020,
2021 and 2021/2022 Quotas, pursuant to the following conditions:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; border: Black 1pt solid; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 27%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>2020 Quota</B></FONT></TD>
    <TD STYLE="width: 29%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>2021 Quota</B></FONT></TD>
    <TD STYLE="width: 28%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>2021/2022 Quota</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">Amount to be granted</P>
    <P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">At least, the equivalent to 7.5% of the monthly average of daily balances of non-financial private sector deposits in pesos in September 2020</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">At least, the equivalent to 7.5% of the monthly average of daily balances of non-financial private sector deposits in pesos in March 2021</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">At least, the equivalent to 7.5% of the monthly average of daily balances of non-financial private sector deposits in pesos in September 2021</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Calculation of applications</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Between 10.16.2020 and 03.31.2021</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Between 04.01.2021 and 09.30.2021</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Between 10.01.2021 and 03.31.2022</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Currency</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Pesos</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Minimum term</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">At the time of disbursement, the credit facilities shall have an average term of at least 24 months, but the total term shall not be of less than 36 months. No minimum term will apply to credit facilities aimed at financing working capital and discounting deferred checks and other instruments.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Maximum interest rate</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Capped at an annual nominal fixed rate of 30% for investment projects, and at an annual nominal fixed rate of 35% for other purposes.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2021, the total amount disbursed
by the Entity under the 2020 Quota and the 2021 Quota meets the BCRA requirement under Communications &ldquo;B&rdquo; 12161 and &ldquo;B&rdquo;
12164, respectively.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">As per Communication &ldquo;B&rdquo; 12238, the total
amount to be disbursed by the Entity in respect of the 2021/2022 Quota amounts to 32,447,048.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Disbursements are reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="width: 16%; border: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Quota</B></FONT></TD>
    <TD STYLE="width: 38%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Calculation Term</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Minimum amount to be allocated:</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 16%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Simple Average of Daily Balances</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Disbursed Amount</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2020 Quota </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">From 10.16.2020 to 03.31.2021 - &ldquo;B&rdquo; 12161</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">19,730,132</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">25,291,147</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>39,279,053</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2021 Quota</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">From 04.01.2021 to 09.30.2021 - &ldquo;B&rdquo; 12164</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">24,449,302</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">30,093,764</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>41,734,860</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2021/2022 Quota</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">From 10.01.2021 to 03.31.2022 - &ldquo;B&rdquo; 12238</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">32,447,048</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">(*)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>(*)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">(*) As of the date of these financial statements,
the term reported by Communication &ldquo;B&rdquo; 12238 has not expired.</P>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 1cm">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>13.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other debt securities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 35.45pt"><B>13.1. Financial assets measured at
amortized cost</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Corporate bonds under credit recovery transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Allowance for loan losses - Private securities (Exhibit R)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(125)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><B>13.2</B></TD><TD STYLE="text-align: justify"><B>Financial assets measured at fair value through OCI</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 46.35pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">BCRA Liquidity Bills</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107,693,328</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135,681,601</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,372,170</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,966,011</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Private securities - Corporate bonds</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,359,517</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393,958</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182,041,570</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Allowance for loan losses - Private securities (Exhibit R) (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(135)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182,041,435</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><SUP>(1)</SUP></FONT></TD><TD STYLE="text-align: justify; padding-right: 14.15pt"><FONT STYLE="font-size: 10pt"><SUP>Disclosed in this item in accordance with the
chart of accounts set forth by the BCRA.</SUP></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 14.15pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 14.15pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 14.15pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 18pt"><B>14.</B></TD><TD STYLE="text-align: justify"><B>Financial assets pledged as collateral</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The breakdown of the financial assets pledged as collateral
as of December 31, 2021 and 2020 is included below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: justify">BCRA - Special guarantee accounts (Note 51.1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,297,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,873,561</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: justify">Guarantee trust - Government securities at fair value through OCI</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(2)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,614,463</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,475,296</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: justify">Guarantee trust - USD</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(4)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,287,701</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,300,050</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: justify">Deposits as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(3)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,081,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,389,045</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,281,059</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,037,952</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Special guarantee current accounts opened at the BCRA for transactions related
to the automated clearing houses and other similar entities.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Set up as collateral to operate with Rosario Futures Exchange (ROFEX), Bolsas
y Mercados Argentinos SA (BYMA) and Mercado Abierto Electr&oacute;nico S.A (MAE) on foreign currency forward transactions and futures
contracts. The trust fund consists of government securities.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Deposits pledged as collateral for activities related to credit card transactions
in the country and abroad, leases and futures contracts.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">The trust is composed of dollars in cash as collateral for activities related
to the transactions on MAE and BYMA.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>15.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Income Tax:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 21.3pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-size: 10pt"><B>a)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Current income tax assets</FONT></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 53%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 13%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 4%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Income tax assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,253,986</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Advances</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,254,351</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 21.3pt"><B>&nbsp;</B></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Current income tax liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 53%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 13%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 4%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Income tax provision</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483,865</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,696,280</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Advances</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(95,071)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10,054,814)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Collections and withholdings</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34,525)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,436)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354,269</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,618,030</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -10.9pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Income tax </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Palatino,serif; margin: 6pt 0 6pt 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The breakdown of and changes in deferred income tax
assets and liabilities are reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Account</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Changes recognized in</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">As of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">As of 12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Statement of Income</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Statement of OCI</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Other transactions (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Deferred Tax Assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Deferred Tax Liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">At year end</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 29%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Allowance for loan losses</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,264,102</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(890,235)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(447,973)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,925,894</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,925,894</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Provisions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,789,777</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">326,348</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,595</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,120,720</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,120,720</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Loans and card commissions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;415,331</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;92,528</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">507,859</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">507,859</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Organization and other expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,274,635)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(912,340)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(2,186,975)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,186,975)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Property and equipment and Misceallaneous assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,107,925)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(3,996,067)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(14,103,992)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(14,103,992)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Debt securities and Investments in equity instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(2,299,782)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;56,044</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(199,755)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,290</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(2,440,203)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(2,440,203)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Derivatives</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">16,907</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(3,839)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,068</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,068</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Inflation adjustment for tax purposes</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,140,814</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1,850,653)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(7,597,060)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,693,101</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,693,101</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Tax loss carryforward</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">152,534</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">152,534</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">152,534</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;927</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(122,402)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">106,767</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(14,708)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(14,708)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,945,516</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(7,148,082)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(199,755)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(7,930,381)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">11,398,468</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(18,731,170)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(7,332,702)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0.5pt 0 30.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5pt"><FONT STYLE="font-size: 8pt">Changes in the estimated income tax for the year ended
December 31, 2020 (see the paragraph &ldquo;Inflation adjustment for tax purposes - Fiscal Year 2020&quot; of this Note). </FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Times New Roman,serif; margin: 0 0.5pt 0 53.45pt; text-align: justify">&nbsp;</P>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Account</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Changes recognized in</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">As of 12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">As of 12.31.19</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Statement of Income</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Statement of OCI</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Difference derived from the impact of IFRS 9 - Paragraph 5.5 Group &quot;C&quot; Financial Institutions (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Deferred Tax Assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Deferred Tax Liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">At year end</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 29%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Allowance for loan losses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">6,367,855</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(2,103,753)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;4,264,102</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,264,102</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Provisions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,251,305</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(461,528)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,789,777</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,789,777</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Loans and card commissions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;272,229</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">143,102</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">415,331</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">415,331</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Organization and other expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(503,745)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(770,890)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1,274,635)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,274,635)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Property and equipment and Misceallaneous assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,624,286)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">516,361</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,107,925)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,107,925)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Debt securities and Investments in equity instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(3,492,558)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;4,269,237</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(3,122,236)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">45,775</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(2,299,782)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,299,782)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Derivatives</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">23,017</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(6,110)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">16,907</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">16,907</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Inflation adjustment for tax purposes</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">9,237,064</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,903,750</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">13,140,814</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">13,140,814</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(741)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,668</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">927</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;927</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,530,140</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,491,837</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(3,122,236)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">45,775</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">21,627,858</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(13,682,342)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,945,516</TD></TR>
  </TABLE>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -14.15pt">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Difference due to the impact of the financial reporting framework set forth
by the BCRA &ndash; IFRS 9 &ndash; paragraph 5.5. Group &ldquo;C&rdquo; financial institutions. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 1cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 1cm">Breakdown of income tax benefit / (expense):</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-indent: 1cm">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 53%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 13%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 4%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Current tax</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,227,859</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17,868,651)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Deferred tax</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,148,082)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,491,837</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,777</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12,376,814)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-indent: 1cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The income tax benefit for the year ended December
31, 2021 includes the impact of the calculation of the inflation adjustment for tax purposes and the reversal of the provision required
by the BCRA, as mentioned in the section &ldquo;Income tax&ndash; Inflation adjustment for tax purposes. Fiscal years 2016, 2017 and 2018&rdquo;
of this Note (see Note 2).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 1cm; text-align: justify">The Group&rsquo;s effective tax rate for the year
ended December 31, 2020 was 43%.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Below is a reconciliation between the tax that would
result from applying the current tax rate on income before income tax and the income tax expense recognized in profit or loss as of December
31, 2021, comparative with the previous year:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center; width: 60%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 18%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 18%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income before income tax</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,082,666</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,025,581</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income tax rate</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">35%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">30%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Tax on taxable income</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,378,933</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,707,674</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Permanent differences:</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-taxable income</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(297,362)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(591,190)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-income tax deductible expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145,946</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120,873</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Effect of tax rate change</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,476,570</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(423,390)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Securities adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524,623</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64,298</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300,981</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Inflation adjustment for accounting purposes</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,337,986</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,019,242</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Inflation adjustment for tax purposes</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,467,605)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,787,202)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Reversal of allowances - action for declaratory judgment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,716,929)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Amending tax return 2020</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,001,614)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(494,797)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income tax (benefit)/expense</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(79,777)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,376,814</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 1cm; text-align: justify"><B>Income tax rate</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 31.5pt; text-align: justify">Law No. 27430, as subsequently amended by the Social
Solidarity and Productive Revival Law enacted within the framework of the prevailing Public Emergency (the &ldquo;Public Emergency Law&rdquo;),
established the following income tax rates:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 31.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt Palatino,serif; margin: 0 0 6pt 31.5pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">30% for fiscal years beginning on or after January 1, 2018 and
25% for fiscal years beginning on or after 2022; and</FONT></P>

<P STYLE="font: 12pt/12pt Palatino,serif; margin: 0 0 6pt 31.5pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">dividends distributed to individuals and foreign beneficiaries
as from such fiscal years will be taxed at a 7% and 13% rate, respectively. </FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 0 31.5pt; text-align: justify">Then, Law No. 27630 enacted on June 16, 2021
repealed the aforementioned general decrease in rates and introduced a tax rate brackets system, effective for fiscal years beginning
on or after January 1, 2021, as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Accumulated net taxable income</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Amount payable ($)</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Rate (%)</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Over the excess of ($)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">From </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">To</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-left: Black 1pt solid; font-family: Palatino,serif; text-align: center; width: 20%"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;0</FONT></TD>
    <TD STYLE="width: 20%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;5,000,000</FONT></TD>
    <TD STYLE="width: 20%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;0</FONT></TD>
    <TD STYLE="width: 20%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">25%</FONT></TD>
    <TD STYLE="width: 20%; border-right: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;0</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-left: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;5,000,001</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;50,000,000</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;1,250,000</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">30%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;5,000,000</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-left: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;50,000,001</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Uncapped</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;14,750,000</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">35%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">$&nbsp;50,000,000</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">The amounts included in these tax brackets will
be adjusted annually as from January 1, 2022, based on the changes in the consumer price index (CPI) measured as of October each year.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Furthermore, dividends on profits generated in
fiscal years beginning on or after January 1, 2018 will be taxed at a single rate of 7%.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">As a consequence of such changes, the current tax
liability as of December 31, 2021 was measured by applying progressive rates on taxable income assessed as of such date, while deferred
tax balances were</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">measured using the progressive rate expected to be in
force at the time of reversal of the temporary differences.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 39.3pt; text-align: justify; text-indent: -18pt"><B>Inflation adjustment
for tax purposes</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Law No. 27430, as amended by the Public Emergency
Law, established the mandatory adoption of the inflation adjustment following the procedure set forth in the Income Tax Law, as from the
fiscal year in which the applicable statutory criteria are met, that is, the fiscal year ended December 31, 2019.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Based on the transition method established by applicable
tax laws, the effect of the inflation adjustment for tax purposes (either gain or loss) is included in the taxable income in six annual
installments as from the year of calculation. Since the fiscal year beginning January 1, 2021, the effect of the inflation adjustment
for tax purposes is included in the taxable income for the same fiscal year.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Inflation adjustment for tax purposes.
Fiscal years 2016, 2017 and 2018</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 36pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">On May 10, 2017, May 10, 2018 and May 13, 2019,
and based on related case law, the Entity&rsquo;s Board of Directors approved the filing of actions for declaratory judgment of unconstitutionality
of section 39 of Law No. 24073, section 4 of Law No. 25561, section 5 of Decree No. 214/02 issued by the Argentine Executive, Law No.&nbsp;27468
and any other regulation whereby the inflation adjustment mechanism provided for under Law No.&nbsp;20628, as amended, is considered not
applicable due to the confiscatory effect in the specific case, for fiscal years 2016, 2017 and 2018. Consequently, the Entity filed its
income tax returns for those fiscal years taking into consideration the effect of those restatement mechanisms.</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">The net impact of this measure on nominal values
is an adjustment to the income tax assessed for the fiscal year ended December 31, 2016 in the amount of 1,185,800, for fiscal year ended
December 31, 2017, in the amount of 1,021,519, and for fiscal year ended December 31, 2018, in the amount of 3,239,760.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Through Memorandum No. 6/2017 dated May 29, 2017,
the BCRA, without resolving on the decisions adopted by the Entity's authorities or the Entity's right regarding the action filed, in
its capacity as issuer of accounting standards, requested the Entity to record a provision for contingencies included in &ldquo;Liabilities&rdquo;
in an amount equivalent to the income recorded, as it considers that &ldquo;a reassessment of the income tax by applying the inflation
adjustment is not contemplated by the BCRA regulations&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">In response to this Memorandum, the Entity filed
the related answer and confirmed its position by providing the relevant supporting documentation. Notwithstanding the foregoing, the Entity
recorded the requested provision, pursuant to the accounting standards prescribed by the regulator for this case.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">On June 8, 2020, the Federal Court on Administrative
Matters (JCAF 12-23) ruled upon the action for declaratory judgment filed on May 12, 2017, upholding the complaint and thus declaring
that the prohibition to apply the inflation adjustment mechanism for the purposes of the income tax return filed by the Bank for fiscal
period 2016 is not applicable to the instant case.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt 21.3pt; text-align: justify">The appeals filed against the judgment were
granted on August 6, 2020, and the case was submitted to the Appellate Court for consideration. On December 9, 2020, the Federal Appellate
Court on Administrative Matters (Courtroom II) dismissed the appeals, thus confirming the judgment rendered by the court of original jurisdiction.
The tax authority <I>Administraci&oacute;n Federal de Ingresos P&uacute;blicos</I> (&ldquo;AFIP&rdquo; or the &ldquo;Tax Authority&rdquo;
or the &ldquo;National Tax Authority&rdquo;) filed an extraordinary appeal against the judgment, but then withdrew it through a motion
filed on February 1, 2021. Accordingly, the judgment rendered by the Appellate Court in favor of the Bank's interests became final.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt 21.3pt; text-align: justify">In addition, the Bank reversed the provision
set up for fiscal year 2016 at the request of the BCRA, recognizing a benefit in the first quarter of 2021 in the amount of 1,185,800
in nominal values (1,584,612 in values restated as of December 31, 2021).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt 21.3pt; text-align: justify">On June 14, 2021, the Court of First Instance
rendered judgment in respect of the action for declaratory judgment of unconstitutionality for fiscal year 2017 in favor of the Bank&rsquo;s
position. After appealing the judgment to the Appellate Court, the Bank filed the basis for the appeal but on September 3, 2021 the tax
authority filed a brief withdrawing the appeal filed. Although the Appellate Court did not accept the</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt 21.3pt; text-align: justify">withdrawal because the documentation submitted did
not fulfill the necessary conditions, since no basis for the appeal was finally filed, we understand that the appeal will be declared
void.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt 21.3pt; text-align: justify">On September 30, 2021, the Court determined
that the proceedings were set for the agreement to be entered. On November 2, 2021, AFIP filed a motion ratifying the withdrawal of the
appeal filed with respect to the merits of the case. On November 3, 2021 the Court ordered to proceed with the case for an agreement to
be entered.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt 21.3pt; text-align: justify">On June 25, 2021, the Bank notified the BCRA
about the reversal of the provision set up pursuant to Memorandum No. 6/2017 issued by the BCRA concerning the income tax reassessment
due to the inflation adjustment for tax purposes for fiscal years 2017 and 2018 for a total amount of 4,261,279 in nominal values (5,132,317
in values restated as of December 31, 2021), since, based on the assessment made and on its legal and tax advisors&rsquo; opinion, the
Entity believes that it is more probable than not that it will obtain a favorable final judgment in respect of these fiscal years. The
Entity notified the BCRA of the criteria adopted, to which the BCRA gave its consent.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt 21.3pt; text-align: justify">Based on the foregoing, as of December 31, 2021,
the Entity fully reversed the &ldquo;Provision for other contingencies &ndash; Income tax reassessment due to inflation adjustment&rdquo;
in the amount of 6,716,929 (5,447,079 in nominal values).</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-indent: 0cm">-<FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><B>Inflation adjustment for tax purposes. Fiscal year 2019</B></FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: 439.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">As concerns fiscal year 2019, the Entity assessed
its income tax liability applying the inflation adjustment for tax purposes according to the terms of the Social Solidarity and Productive
Revival Law &ndash; published in the Official Gazette on December 23, 2019 - which maintains the inflation adjustment mechanism set out
under Title VI of the Income Tax Law. Nevertheless, one sixth of the resulting inflation adjustment amount should be recognized during
that fiscal year, with the remaining five sixths being computed, in equal parts, over the five immediately following fiscal years. Such
deferral has been recognized as a deferred tax asset.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">On August 21, 2020, the Bank filed a request for
refund at the administrative stage pursuant to the provisions of the first paragraph of section 81 of Law No. 11683 (as compiled in 1998
and as amended) to recover the amount of 4,528,453 (in nominal values).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Upon no response from the tax authorities, on June
17, 2021 the Entity filed a motion for expedited proceedings and on November 18, 2021 a legal action was filed before National Court on
Federal Administrative Matters No. 10 (Court Clerk&rsquo;s Office No. 24)</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Pursuant to the financial reporting framework set
forth by the BCRA, the Entity does not record assets in relation to contingent assets derived from the action filed.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify"><B>- Inflation adjustment for tax purposes. Fiscal
year 2020</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">In relation to fiscal year 2020, the Entity determined
the income tax as of December 31, 2020 by applying the inflation adjustment for tax purposes in accordance with the provisions of the
Social Solidarity and Productive Revival Law.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">On May 26, 2021, and based on related case law,
the Entity&rsquo;s Board of Directors approved the filing of an action against the federal tax authorities (AFIP-DGI) for declaratory
judgment of unconstitutionality of section 194 of the Income Tax Law (as compiled in 2019) and/or of such rules that prohibit the full
application of the inflation adjustment for tax purposes, on the grounds that they would lead to the assessment of a confiscatory income
tax liability for fiscal year 2020; therefore allowing the full application of the mechanism set forth in section 106, paragraphs a) through
e), Title VI of the Income Tax Law in that fiscal year.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Consequently, as of December 31, 2021, the Entity
accounted for an adjustment in nominal values to the income tax liability assessed for the fiscal year ended December 31, 2020 in the
amount of 5,817,000 (8,570,948 in restated values), with the ensuing impact on deferred tax assets by 5,033,000 (decrease) (7,596,948
in restated values) and on the income tax expense of 784,000 (974,000 in restated values).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Requests for refund. Fiscal years
2013, 2014 and 2015</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Regarding fiscal years 2013, 2014 and 2015, the
Entity assessed income tax without applying the inflation adjustment for tax purposes, consequently a higher tax was paid in the amounts
of 264,257, 647,945 and 555,002 for those periods in nominal values.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Based on the grounds stated in the first paragraph
&ldquo;Inflation Adjustment for Tax Purposes. Fiscal Years 2016, 2017 and 2018,&rdquo; on November 19, 2015, an administrative action
requesting a refund for periods 2013 and 2014 was filed, and the related judicial action was filed on September 23, 2016 for both periods,
given that no answer was received from AFIP.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">In turn, on April 4, 2017, a request for refund
was filed in relation to the higher amount of tax paid for fiscal year 2015. Likewise, on December 29, 2017, the related judicial action
was filed for this fiscal year.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">On October 21, 2020, the Entity was notified that
Court of First Instance on Administrative Matters No. 1 rendered judgment upholding the request for refund for fiscal year 2014. AFIP
filed an appeal against such judgment before the Appellate Court.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">On November 10, 2020, the Court of First Instance
rendered judgment sustaining BBVA Argentina's complaint, thereby ordering the tax authorities to refund the amount of 264,257 paid in
excess of the income tax liability for fiscal year 2013, plus accrued interest. The National Tax Authority filed an appeal against the
judgment. Finally, on May 6, 2021, the Federal Appellate Court on Administrative Matters (Courtroom I) confirmed the appealed judgment
on the merits, therefore dismissing the appeal brought by the national tax authorities.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">On April 27, 2021, the Appellate Court rendered
judgment in favor of the Bank concerning the refund of income tax for fiscal year 2014. In its judgment, the Appellate Court substantially
confirmed the judgment rendered by the Court of First Instance on the merits, upholding the confiscatory nature of the tax.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">The National Tax Authority brought extraordinary
appeals against both judgments, and the Appellate Court has rejected such appeal with respect to the claims of arbitrariness and serious
institutional implications. The proceedings are being handled by the Supreme Court.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 21.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Pursuant to the financial reporting framework set
forth by the BCRA, the Entity does not record assets in relation to contingent assets derived from the action filed.</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 21.3pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>16.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Investments in equity instruments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Investments in equity instruments for which the Group
has no control, joint control or a significant influence are measured at fair value through profit or loss and at fair value through other
comprehensive income. Breakdown is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>16.1 Investments in equity instruments through
profit or loss</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Prisma Medios de Pago S.A.&nbsp;&nbsp;&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,796,979</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,370,946</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Private securities - Shares of other non-controlled companies</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438,144</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,181,291</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,809,090</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">This balance is related to the amount
of 10,805,542 shares held in Prisma Medios de Pago S.A., representing 5.44% of such company&rsquo;s capital stock. Said investment was
measured at fair value estimated by Management based on a report prepared by independent professionals as of December 31, 2020, net of
the valuation adjustment mandated by the BCRA in Memoranda No. 7/2019 and No. 8/2021 and the collection of dividends. The accounting criteria
applied as stated above constitutes a deviation from IFRS. </FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On February 1, 2019, 2,344,064 registered, common
shares with a nominal value of $ 1 each and one vote per share, owned by the Bank in Prisma Medios de Pago S.A. were transferred to AI
Zenith (the Netherlands) B.V. (a company related to Advent International Global Private Equity).</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">In accordance with the provisions of the Offer
for the purchase of those shares by AI Zenith (the Netherlands) B.V., and accepted by the Bank, the total estimated price adjusted was
USD 78,265,273, out of which, on February 1, 2019, the Bank received USD 46,457,210, and the unpaid balance shall be deferred over the
following 5 (five) years and settled as follows: (i) 30% of that amount shall be paid in pesos, adjusted by CER (UVA) at an annual nominal
rate of 15% and (ii) 70% in US Dollars at an annual nominal rate of 10 %.</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On July 22, 2019, the Entity completed the assessment
of the selling price of the shares. Such price amounts to USD 76,947,895.33. The gap between the final price and the estimated price was
discounted from the outstanding balance; therefore, the Bank did not have to return the funds it had received. The sale conditions included
a put option whereby the Bank is entitled to sell the remaining shares in Prisma Medios de Pago S.A. to the purchaser on December 30,
2021 (see Note 9).</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 52.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On October 1, 2021, the Bank, together with the
other Class B Shareholders, gave notice of the exercise of the put option and therefore initiated the procedure to sell 49% of the capital
stock in the company.</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 52.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">As of the date of these financial statements we
have not received an assessment of the sale price. However, negotiations are in progress with Advent International Global Private Equity.</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 52.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On January 13, 2022, the Bank and other Class B
financial institutions have requested the Argentine Antitrust Commission an extension of the term to comply with the obligation to complete
a full divestment in Prisma Medios de Pagos S.A. in view of the disagreement between the parties.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>16.2 Investments in equity instruments through
other comprehensive income</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Banco Latinoam&eacute;ricano de Exportaciones S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,553</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,081</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,530</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,936</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,083</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,017</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>17.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Investments in associates</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Rombo Compa&ntilde;&iacute;a Financiera S.A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790,334</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,142,581</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">BBVA Seguros Argentina S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680,318</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672,257</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Interbanking S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319,835</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249,687</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Play Digital S.A.&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114,050</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112,296</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Openpay Argentina S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146,685</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,051,222</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,176,821</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 17.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>18.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Property and equipment</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,172,406</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,237,229</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Furniture and facilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,003,216</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,430,772</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Right of use of leased real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,438,743</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,007,727</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Machinery and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,090,216</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,231,401</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Works in progress</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,121,834</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976,450</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Vehicles</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94,934</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86,613</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,921,349</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,970,192</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 1cm; text-align: justify">The breakdown of lease assets and liabilities
as well as interest and foreign exchange differences recognized in profit or loss is disclosed in Note 29 to these consolidated financial
statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Based on the reports prepared by the independent appraiser
relied upon by the Bank to assess the impairment of real estate, the carrying amount of the two pieces of real estate exceeds their recoverable
value Therefore, such amount should be written down to the recoverable value. The impairment loss is disclosed in Note 41 &ndash; Depreciation
and amortization, Loss from sale or depreciation of property and equipment.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The impairment loss for assets recorded under the
item &ldquo;Property and equipment&rdquo; is reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Item</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Impairment</TD></TR>
  <TR>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; width: 60%">Real estate - Lavallol</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,444)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Real estate - Monte Grande</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,250)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37,694)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The changes in this item for year 2021 are reported
in Exhibit F, and the changes for year 2020 are reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="padding-right: 5pt; font-family: Times New Roman, serif; vertical-align: bottom; padding-left: 5pt">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Original value as of 01.01.20</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Total estimated useful life in years</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Transfer to Investment Properties</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Additions</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Derecognitions</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; padding-left: 5pt">Depreciation</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 5pt">Residual value as of 12.31.2020</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 5pt">ITEM</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5pt">Accumulated as of 01.01.20</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Transfer</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Derecognitions</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">For the year</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">At year end</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5pt; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; padding-left: 5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 25%">Property and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">41,367,430</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">50</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,126</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">174,553</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,951,298</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,184,968</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">537</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,744,088</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">917,165</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,358,582</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">35,237,229</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Furniture and facilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">13,642,282</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">544,629</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,032,255</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,708,994</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,229,979</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,244,869</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,723,884</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">7,430,772</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Machinery and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">9,576,681</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,694,981</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,547,562</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,663,548</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,546,298</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,375,449</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,492,699</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,231,401</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Vehicles</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">358,638</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">30,608</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">148,910</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">279,096</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">155,690</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">30,317</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">153,723</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">86,613</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Right of use of leased properties</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,957,169</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">647,823</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">438,679</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,149,774</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">40,398</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,049,210</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,158,586</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,007,727</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Works in progress</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">660,704</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">446,552</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">130,806</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">976,450</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">71,562,904</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">5,126</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">3,539,146</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">10,249,510</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">17,986,380</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">537</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">9,716,453</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">5,617,010</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">13,887,474</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">50,970,192</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>19.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Intangible assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Licenses - Software</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,675,594</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,345,476</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,675,594</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,345,476</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The changes in this item for year 2021 are reported
in Exhibit G, and the changes for year 2020 are reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="padding-right: 5pt; font-family: Times New Roman, serif; vertical-align: bottom; padding-left: 5pt">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Original value as of 01.01.20</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Total estimated useful life in years</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Additions</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Derecognitions</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; padding-left: 5pt">Depreciation</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 5pt">Residual value as of 12.31.2020</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 5pt">ITEM</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5pt">Accumulated as of 01.01.20</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Derecognitions</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">For the year</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">At year end</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5pt; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; padding-left: 5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 40%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Licenses - Software</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,121,493</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,211,391</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,582,316</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,518,519</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,579,148</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">465,721</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,405,092</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,345,476</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">4,121,493</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;1,211,391</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">1,582,316</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">2,518,519</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">1,579,148</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">465,721</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">1,405,092</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">2,345,476</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>20.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other non-financial assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Investment properties (Exhibit F)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,799,957</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,853,201</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Prepayments</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,281,382</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,679,168</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Tax advances</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,037,305</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,364,960</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Advances to personnel</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730,848</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570,638</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Advances to suppliers of goods</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506,322</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473,679</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other miscellaneous assets</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284,984</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417,552</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Assets acquired as security for loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,410</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,027</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146,478</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87,992</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,801,686</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,471,217</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm"><B>&nbsp;</B></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Investment properties include pieces of real estate
leased to third parties. The average term of lease agreements is 6 years. Subsequent renewals are negotiated with the lessee. The Group
has classified these leases as operating leases, since these arrangements do not substantially transfer all risks and benefits inherent
to the ownership of the assets. The rental income is recognized under &ldquo;Other operating income&rdquo; on a straight-line basis during
the term of the lease.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The changes in investment properties for year 2021
are reported in Exhibit F, while the changes for year 2020 are reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="padding-right: 5pt; font-family: Times New Roman, serif; vertical-align: bottom; padding-left: 5pt">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Original value as of 01.01.20</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Total estimated useful life in years</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Transfer</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Additions</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Derecognitions</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; padding-left: 5pt">Depreciation</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 5pt">Residual value as of 12.31.2020</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 5pt">ITEM</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5pt">Accumulated as of 01.01.20</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Transfer</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">Derecognitions</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">For the year</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 5pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; padding-left: 5pt">At year end</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5pt; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; padding-left: 5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 25%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Leased real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,825,750</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">50</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(5,126)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">199</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">123,429</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(537)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">199</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">48,140</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">170,833</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,649,592</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Other investment properties</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">229,172</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">20,602</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,961</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">25,563</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">203,609</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">3,054,922</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;(5,126)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">199</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">144,031</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">(537)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">199</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">53,101</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">196,396</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">2,853,201</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 17.6pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 12pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 10pt"><B>21.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Non-current assets held for sale</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">It includes pieces of real estate located in
the Argentine Republic, which the Bank&rsquo;s Board of Directors agreed to sell in the short term.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Property and equipment held for sale</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302,108</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341,032</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302,108</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341,032</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Based on the reports prepared by the independent appraiser
relied upon by the Bank to assess the impairment of its property, the carrying amount of one piece of property exceeds its recoverable
value. Therefore, such amount should be written down to the recoverable value. The impairment loss is disclosed in Note 42 &ndash; Other
operating expenses, Loss from sale or depreciation of investment property and other non-financial assets.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The impairment loss for non-current assets held for
sale is reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Item</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Impairment</TD></TR>
  <TR>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; width: 60%">Property held for sale - Fisherton</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38,924)</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38,924)</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>22.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Deposits</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 7.1pt 0 1cm; text-align: justify">The information on concentration of deposits
is disclosed in Exhibit H. Breakdown is as follows:</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;13,274,474</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">8,495,619</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">217,301</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">1,300,593</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;694,844,410</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">712,041,633</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Savings accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;285,192,056</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">310,829,844</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Time deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;172,869,941</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">181,232,601</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Checking accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;170,416,389</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">169,935,699</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Investment accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;59,870,670</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">42,119,852</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;6,495,354</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">7,923,637</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;708,336,185</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">721,837,845</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>23.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Liabilities at fair value through profit or loss</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">No transactions were accounted for in the years
ended December 31, 2021 and 2020.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>24.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other financial liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Obligations from financing of purchases</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,699,707</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,836,851</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Collections and other transactions on behalf of third parties</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,220,093</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,113,620</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Lease liabilities (Note 29)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,921,793</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,453,877</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Payment orders pending credit</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,266,591</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,865,794</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Receivables from spot purchases pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,428,526</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,875</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Commissions accrued payable</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,199</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,704</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Credit balance for spot purchases or sales pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,168</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,270,098</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,014,349</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,387,620</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,592,426</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,209,439</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>25.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Financing received from the BCRA and other financial institutions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 42.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: justify">Local financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,712,474</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,934,392</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,531</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,000</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,552,289</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,758,005</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,529,681</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 10pt"><B>26.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Corporate bonds issued</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">Below is a detail of outstanding corporate bonds
as of December 31, 2021 and 2020 of the Bank and its subsidiaries:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify; text-indent: -14.15pt">&nbsp;</P>


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  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 12%">Detail</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 9%">Issuance date</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 9%">Nominal value</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 10%">Maturity date</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 24%">Annual nominal Rate</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 9%">Payment of interest</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 9%">Outstanding securities as of 12.31.2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 9%">Outstanding securities as of 12.31.2020</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Classes 5 - 8 - 9 Volkswagen Financial Services&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">02.27.2019</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,086,556</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">03.30.2023</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">UVA + 9.24% (class 5 ) / UVA (class 8 ) / fixed rate (class 9)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Quarterly</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;299,999</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,699,084</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">Total Consolidated Principal</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">299,999</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">1,699,084</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: white 0.5pt solid; border-bottom: white 0.5pt solid; text-align: center">Consolidated Interest Accrued</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">202,976</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">65,094</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: white 0.5pt solid; text-align: center">Total Consolidated Principal and Interest Accrued</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">502,975</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,764,178</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><U>Definitions:</U></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 7pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 7pt 0 1cm; text-align: justify">UVA RATE: An interest rate with a variable component
(UVA), which represents a measurement unit adjusted on a daily basis as per CER, reflecting the changes in inflation based on the Consumer
Price Index (CPI).</P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 7pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>27.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Provisions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: justify">Provisions for reorganization (Exhibit J)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,343,433</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,062,850</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Provision for contingent commitments (Exhibits J and R)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853,653</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,059,740</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Provisions for termination plans (Exhibit J)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263,214</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214,256</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">For administrative, disciplinary and criminal penalties (Note 56 and Exhibit J)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,547</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other contingencies (Exhibit J)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,147,819</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,975,673</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">For reassessment of income tax due to adjustment for inflation (Note 15.c)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,221,908</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Provision for commercial lawsuits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,431,055</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,955,334</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Provision for labor lawsuits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283,726</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378,719</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Provision for tax lawsuits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322,305</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276,149</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110,733</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143,563</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,613,119</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,320,066</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">It includes the estimated amounts to pay highly
likely liabilities which, in case of occurrence, would generate a loss for the Entity.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">The breakdown of and changes in provisions recognized
for accounting purposes are included in Exhibit J. However, below is a brief description:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 25.55pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: 9999999,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-size: 10pt">Reassessment of income tax due to the application
of the inflation adjustment: as of December 31, 2020, it reflects the provision required by the BCRA through Memorandum No. 6/2017 dated
May 29, 2017, as it was considered that the reassessment of the income tax by applying the inflation adjustment is not addressed by the
then current regulations. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 25.55pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: 9999999,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-size: 10pt">Provisions for reorganization: Consistent with the
goal of further aligning the organizational structure with the corporate strategy during the current year, achieving efficiency gains
and streamlining the decision-making process across all work teams.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 2.45pt 0 25.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 25.55pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: 9999999,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-size: 10pt">Contingent commitments: it reflects the credit risk
arising from the assessment of the degree of compliance of the beneficiaries of unused overdrafts, unused credit card balances, guarantees,
sureties and other contingent commitments for the benefit of third parties on behalf of customers, and of their financial position and
the counter guarantees supporting those transactions.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 25.55pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: 9999999,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-size: 10pt">Termination benefit plans: for certain terminated
employees, the Bank (fully or partially) bears the cost of private health care plans for a certain period after termination. The Bank
does not cover any situations requiring medical assistance, but it only makes the related health care plan payments.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><IMG SRC="bbarfs4q216k_002.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 25.55pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: 9999999,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-size: 10pt">Administrative, disciplinary and criminal penalties:
administrative penalties imposed by the Financial Information Unit, even if there were court or administrative measures to suspend payment
and regardless of the status of the disciplinary proceedings.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: 9999999,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-size: 10pt">Other: it reflects the estimated amounts to pay tax,
labor and commercial claims and miscellaneous complaints.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">The Group considers that the provisions as of
December 31, 2021 will originate the following cash disbursements:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="width: 63%; border-bottom: Black 1pt solid; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>Provisions</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 20%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>Within 12 months</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>After 12 months</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">For termination plans</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99,662</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">163,552</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">For reorganization</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,343,433</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">For administrative, disciplinary and criminal penalties</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">For contingent commitments</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853,653</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>-</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Other contingencies </FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">1,984,151</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">1,163,668</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Labor</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98,826</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">184,900</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial </FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,452,287</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">978,768</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322,305</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other</FONT></TD>
    <TD STYLE="text-align: right; font-family: Palatino,serif; line-height: 9pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110,733</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: right; line-height: 9pt; text-indent: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">In the opinion of the Group&rsquo;s Management
and its legal advisors, there are no significant effects other than those stated in these consolidated financial statements, the amounts
and repayment terms of which have been recorded based on the current value of those estimates, considering the probable date of their
final resolution.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">Contingent liabilities have not been recognized
in these consolidated financial statements and are related to 168 claims brought against the Bank, including civil and commercial claims,
all of which have arisen in the ordinary course of business. The estimated amount of such claims is 31,355, out of which a cash disbursement
of approximately 19,656 is expected for the next 12 months. These claims are primarily related to lease-purchase agreements and petitions
to secure evidence. The Group's Management and legal advisors consider that the probability that these cases involve cash disbursements
is possible but not probable and that the potential cash disbursements are not material.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>28.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Other non-financial liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Cash dividends payable (Note 30)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,000,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,886,532</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Miscellaneous creditors</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,595,845</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,118,017</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Short-term personnel benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,899,189</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,614,723</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other collections and withholdings</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,567,627</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,794,522</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Advances collected</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,159,014</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,845,984</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other taxes payable</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,503,179</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,449,876</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Long-term personnel benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555,063</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594,259</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">For contract liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368,351</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604,402</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Social security payment orders pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80,647</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149,944</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172,335</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139,562</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,901,250</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,197,821</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify; text-indent: -7.05pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify; text-indent: -7.05pt"></P>


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

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>29.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Leases</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><U>The Group as lessee</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">Below is a detail of the amounts related to the
rights of use under leases and lease liabilities in force as of December 31, 2021:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><B><U>Rights of use under leases</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">The changes in this item for fiscal year 2021
are reported in Exhibit F, while the changes for fiscal year 2020 are reported in Note 18 &ndash; Property and equipment.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify"><B>Lease liabilities</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">Future minimum payments for lease agreements
are as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 18%">In foreign currency</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 16%">In local currency</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 14%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Up to 1 year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204,461</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,946</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227,407</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270,401</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">From 1 to 5 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,720,507</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">309,741</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,030,248</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,950,611</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">More than 5 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">648,396</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">15,742</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;664,138</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,232,865</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,921,793</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,453,877</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify"><B>Interest and exchange rate difference recognized
in profit or loss</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 31%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 18%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 14%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Other operating expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Interest on finance lease liabilities (Note 42)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(463,673)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(563,784)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top">Exchange rate difference</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">Exchange rate loss from finance lease (loss)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,604,904)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(1,308,771)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Other expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif">Leases (Note 40)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,089,859)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(2,831,862)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>30.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Share Capital</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Shares</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Share capital</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Class</FONT></TD>
    <TD STYLE="width: 22%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Quantity</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Par value per share</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Votes per share</FONT></TD>
    <TD STYLE="width: 3%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Outstanding shares</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 4%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 14%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Paid-in (1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Common</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">612,710,079</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">612,710</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">612,710</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify; text-indent: 13.65pt">(1) Registered with
the Public Registry of Commerce.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">Banco BBVA Argentina S.A. is a corporation
(<I>sociedad an&oacute;nima</I>) incorporated under the laws of Argentina. The shareholders limit their liability to the shares subscribed
and paid in, pursuant to the Argentine Companies Law (Law No. 19550). Therefore, and pursuant to Law No. 25738, it is reported that neither
foreign capital majority shareholders nor local or foreign shareholders shall be liable in excess of the above-mentioned capital contribution
for obligations arising from transactions carried out by the financial institution.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On April 24, 2019, the Shareholders&rsquo; Meetings
of BBVA Argentina and BBVA Franc&eacute;s Valores S.A. approved the merger of both entities, effective since October 1, 2019. Prior to
the merger, BBVA Argentina owned a 95% interest in the capital stock and votes of BBVA Franc&eacute;s Valores S.A.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">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
common book-entry shares, with a nominal value of$ 1 and entitling to one (1) vote each to be delivered to BBVA Franc&eacute;s Valores
S.A.'s minority shareholders.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On August 27, 2021, the final merger agreement,
the capital increase and the dissolution without winding up of BBVA Franc&eacute;s Valores S.A. were registered with the Public Registry
under No. 13,335 and 13336 of book 104 of Stock Companies.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On September 28, 2021, 50,441 common, book-entry
shares with a nominal value of one peso ($1) each and entitling to one (1) vote per share of BBVA Argentina, delivered to the shareholder
BBVA Franc&eacute;s Valores S.A., were recorded in the Registry of Book-Entry Shares kept by Caja de Valores S.A. on account of exchange
of shares due to merger.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On May 15, 2020, the Ordinary and Extraordinary
Shareholders&rsquo; Meeting was held, approving the partial reversal of the optional reserve for future distribution of earnings, in order
to appropriate 2,500,000 (4,624,018 in restated amounts) to the payment of cash dividends, subject to the BCRA's previous consent.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On November 20, 2020, a General Extraordinary
Shareholders&rsquo; Meeting was held. At such meeting, shareholders resolved to proceed with the partial reversal of the optional reserve
for future distributions of earnings in the amount of 12,000,000 (18,838,524 in restated amounts), and to consider supplementary dividends
for the same amount, in order to increase the cash dividends approved by the Ordinary and Extraordinary Shareholders&rsquo; Meeting held
on May 15, 2020. All the aforementioned issues are subject to the prior authorization of the BCRA.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On April 20, 2021, the Ordinary and Extraordinary
Shareholders&rsquo; Meeting was held. At such meeting, the shareholders resolved to:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.65pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Allocate 29,431,352 (44,424,154 in restated
values) out of the Optional Reserve to future distributions of earnings to offset the debit balance of Unappropriated retained earnings
as of December 31, 2020. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify; text-indent: -14.15pt">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.65pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approve the partial reversal of the
Optional Reserve for future distributions of earnings to allocate 7,000,000 (8,987,545 in restated values) to the payment of cash dividends,
subject to the BCRA&rsquo;s previous consent.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">On November 3, 2021, the Extraordinary General Shareholders'
Meeting was held. At such meeting, shareholders decided to partially reverse the Optional Reserve for future distribution of earnings
in the amount of 6,500,000 (6,749,594 in restated values) and to consider supplementary dividends for the same amount, in order to increase
the cash dividends approved by the Ordinary and Extraordinary General Shareholders' Meeting of April 20, 2021. All aforementioned issues
are subject to the prior authorization of the BCRA (see Note 48).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>31.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Interest income</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,452,622</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,813,144</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Premium on reverse repurchase transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,601,941</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,481,314</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on credit card loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,555,702</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,237,184</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Stabilization Coefficient (CER) clause adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,319,527</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,844,224</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on other loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,980,842</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,010,427</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,704,772</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,370,046</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,541,326</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,433,958</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Acquisition Value Unit (UVA) clause adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,943,778</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,935,893</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,467,937</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,323,560</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,569,849</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,531,262</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,721,489</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,085,403</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on loans to the financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,060,011</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,822,504</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Interest on loans for the prefinancing and financing of exports</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978,592</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,157,608</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957,071</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;817,102</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on private securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156,705</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,890</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891,114</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;654,072</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214,903,278</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179,552,591</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>32.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Interest expenses</B></FONT></TD></TR></TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Time deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68,377,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,167,009</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Checking accounts deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,802,584</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,677,710</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Acquisition Value Unit (UVA) clause adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,723,875</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,526,223</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interfinancial loans received</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,783,159</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,105,609</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other liabilities from financial intermediation</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844,125</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,018,561</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Savings accounts deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521,980</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397,958</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Premiums on repurchase transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,831</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,271</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141,338</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91,060,398</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,034,408</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>33.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Commission income</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,482,265</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,482,385</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Linked to liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,844,265</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,132,925</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Linked to loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,759,761</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,983,008</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">From foreign trade and foreign currency transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,057,819</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,980,630</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From insurance</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,971,832</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,170,045</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Linked to securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579,338</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485,407</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From guarantees granted</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,400</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,767</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44,704,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,240,167</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><IMG SRC="bbarfs4q216k_002.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>34.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Commission expenses</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">For credit and debit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,566,837</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,389,916</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">For payment of salaries</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,431,324</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,814,429</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">For foreign trade transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509,937</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420,304</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">For digital sales services</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91,190</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689,834</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">For promotions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52,410</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132,215</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Linked to transactions with securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,969</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,844</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other commission expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,373,520</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,311,453</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,037,187</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,764,995</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>35.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Net income / (loss) from financial instruments
carried at fair value through profit or loss</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from foreign currency forward transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,239,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,621,400</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income from government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,715,748</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,519,676</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from interest rate swaps</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48,509</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110,524</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income from corporate bonds</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,475</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121,266</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from private securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(461,482)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;808,842</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income/(Loss) from put options taken - Prisma Medios de Pago S.A. (Note 9)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,182,000)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750,180</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from call options taken</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,674</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income/(Loss) from put options taken</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,998)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,364,562</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,948,549</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -14.15pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>36.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 21.2pt"><FONT STYLE="font-size: 10pt"><B>Net (loss) from derecognition of assets carried
at amortized cost and at fair value through other comprehensive income</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 21.2pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">(Loss) from sale of government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(121,761)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,484,953)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">(Loss) from sale of private securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(536)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,583)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(122,297)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,486,536)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>37.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Foreign exchange and gold gains (losses)</B></FONT></TD></TR></TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from purchase-sale of foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,626,441</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,129,587</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Conversion of foreign currency assets and liabilities into pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,086,868)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270,641</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,539,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,400,228</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><IMG SRC="bbarfs4q216k_002.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>38.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other operating income</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Adjustments and interest on miscellaneous receivables</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,525,156</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,841,241</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Rental of safe deposit boxes</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,600,325</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,693,849</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Loans recovered</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,448,558</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,431,541</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Debit and credit card commissions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374,952</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402,720</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Allowances reversed</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341,935</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,033,542</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Punitive interest</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227,275</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156,702</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Income from initial recognition of government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,295</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other operating income</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,558,076</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,915,900</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,091,572</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,475,495</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -7.65pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>39.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Personnel benefits</B></FONT></TD></TR></TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Salaries</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,707,050</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,549,544</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Social security withholdings and collections</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,548,020</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,336,701</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other short-term personnel benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,408,305</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,193,475</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Personnel compensation and bonuses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746,024</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659,297</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Fringe benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587,239</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;654,965</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Termination personnel benefits (Exhibit J)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129,666</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124,957</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other long-term personnel benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185,582</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150,806</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,311,886</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,669,745</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>40.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Administrative expenses</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Taxes</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,857,288</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,777,685</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Armored transportation services</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,115,986</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,328,370</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Rentals (Note 29)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,089,859</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,831,862</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Maintenance and repair costs</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,566,839</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,360,058</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Administrative expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,198,627</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,448,388</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Advertising</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,577,491</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,085,018</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Electricity and communications</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,423,828</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,546,008</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other fees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,381,023</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,458,779</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Surveillance services</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,066,955</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,159,401</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Insurance</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381,068</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335,092</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Entertainment and travel expenses&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162,711</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179,304</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Directors&rsquo; and Supervisory Auditors&rsquo; fees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,592</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90,848</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Stationery and supplies</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64,389</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103,844</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other administrative expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,480,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,701,985</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,432,336</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,406,642</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>41.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Depreciation and amortization</B></FONT></TD></TR></TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Depreciation of property and equipment (Exhibit F and Note 18)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,221,783</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,567,800</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Amortization of rights of use of leased real estate (Exhibit F and Note 18)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,043,796</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,049,210</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Amortization of intangible assets (Exhibit G and Note 19)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216,247</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465,721</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Depreciation of other assets</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,239</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,526</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Loss from the sale or depreciation of property and equipment (Note 18)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,694</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,581,759</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,137,257</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -14.15pt"></P>


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<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>42.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other operating expenses</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Turnover tax</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,034,376</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,251,698</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Initial loss from loans below market rate</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,968,449</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,636,135</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other allowances (Exhibit J)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953,153</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,328,551</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Reorganization expenses (Exhibit J)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,264,607</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,315,002</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Contribution to the Deposit Guarantee Fund (Note 50)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,126,106</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,051,597</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on lease liabilities (Note 29)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463,673</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563,784</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Claims</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313,234</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129,497</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Loss from the sale or depreciation of investment properties and other non-financial assets (Note 21)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,924</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other operating expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,536,149</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,509,101</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,698,671</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,785,365</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>43.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Fair values of financial instruments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/12pt Palatino,serif; margin: 6pt 7.05pt 6pt 1cm; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">a)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Assets and liabilities measured at fair value</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">The fair value hierarchy of assets and liabilities
measured at fair value as of December 31, 2021 is detailed below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 42%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Accounting balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Total fair value</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Level 1 fair value</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 2 fair value</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Level 3 fair value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">1,396,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;1,396,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;1,396,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">780</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Derivatives</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">2,816,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;2,816,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;2,816,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">1,905,039</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;1,905,039</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;1,905,039</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;50,530,793</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;110,853,002</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;1,041,220</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Financial assets pledged as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">4,614,463</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;4,614,463</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;4,614,463</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Investments in equity instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">2,217,374</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;2,217,374</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;384,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">36,083</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;1,796,979</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Derivatives</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">The fair value hierarchy of assets and liabilities
measured at fair value as of December 31, 2020 is detailed below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 42%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Accounting balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Total fair value</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Level 1 fair value</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 2 fair value</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Level 3 fair value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">1,423,018</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;1,423,018</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;818,068</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">604,950</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Derivatives</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">5,853,137</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;5,853,137</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;4,069,007</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;1,784,130</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">2,221,661</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;2,221,661</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;2,221,661</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">182,041,435</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;182,041,435</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;2,760,242</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;179,281,193</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Financial assets pledged as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">10,475,296</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,475,296</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;178,858</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,296,438</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Investments in equity instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">3,852,107</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;3,852,107</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;438,144</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">43,017</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;3,370,946</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Derivatives</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">284,818</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">284,818</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">284,818</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: right; text-indent: 7.15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: right; text-indent: 7.15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The fair value of a financial asset or liability
is the price that would be received for the sale of an asset or paid for the transfer of a liability in an orderly transaction between
market participants at the measurement date.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The most objective and usual reference of
the fair value of a financial asset or liability is the price that would be paid in an orderly, transparent and deep market, that is to
say, its quoted or market price.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">If it is not possible to obtain a market
price, a fair value is determined using best market practice valuation techniques, such as cash flows discount based on a yields curve
for the same class and type of instrument, or if there is no market curve with the same characteristics of the bond, the fair value is
calculated considering the latest market price plus interest accrued until the valuation date (whichever is more representative for the
security).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">In line with the accounting standard, a three-level
classification of financial instruments is established. This classification is mainly based on the observability of the inputs used to
calculate that fair value, defining the following levels:</P>

<P STYLE="font: 12pt BBVA Office Light,sans-serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Level 1: Financial instruments measured using quoted
prices in an active market. Active market means a market that allows the observation of representative prices with sufficient frequency
and daily volume.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Level 2: Financial instruments without an active
market, but that may be measured through observable market inputs. Observable market inputs shall mean as such assets traded in markets
that allow to calculate an interest rate curve or determine a credit spread.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Level 3: Measurement using models based on variables
not obtained from observable market inputs. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Financial assets at fair value mainly consist
of BCRA Liquidity Bills and Argentine Government Bonds, together with a minor share in Argentine Treasury Bills and Corporate Bonds. Likewise,
financial derivatives are classified at fair value. Such derivatives, include futures measured at the price of the market where they are
traded (Rofex and MAE) and foreign currency NDF (non-delivery forwards), put options, and interest rate swaps.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify; text-indent: 0cm"><FONT STYLE="font-size: 10pt">b)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Transfers between hierarchy levels</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">b.1) Transfers from Level 1 to Level 2</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm">The following instruments measured at fair value were transferred
from Level 1 to Level 2 of the fair value hierarchy:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 74%; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">12.31.21</FONT></TD>
    <TD STYLE="vertical-align: top; width: 2%; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 12%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">12.31.20</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Argentine Treasury Bond in pesos adjusted by CER. Maturity 2021</FONT></TD>
    <TD STYLE="vertical-align: top">

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0 6pt 0 0; text-align: right">-</P></TD>
    <TD STYLE="vertical-align: top; font-family: Palatino,serif; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">94,640</FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">The bond was transferred because it had not
been listed on the market the number of days necessary to be considered Level 1.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">b.2) Transfers from Level 2 to Level 1</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm">The following instruments measured at fair value were transferred
from Level 2 to Level 1 of the fair value hierarchy:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 81%; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 18%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">12.31.21</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top">

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0">Treasury Bond in pesos adjusted by 1.20% CER. Maturity 03-18-2022</P></TD>
    <TD STYLE="vertical-align: top">

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0 6pt 0 0; text-align: right">4,225,658</P></TD>
    <TD STYLE="vertical-align: top; font-family: Palatino,serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top">

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0">Treasury Bond in pesos adjusted by 1.50% CER. Maturity 03-25-2024</P></TD>
    <TD STYLE="vertical-align: top">

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0 6pt 0 0; text-align: right">12,733,272</P></TD>
    <TD STYLE="vertical-align: top; font-family: Palatino,serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top">

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0">Treasury Bond in pesos adjusted by 1.40% CER. Maturity 03-25-2023</P></TD>
    <TD STYLE="vertical-align: top">

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0 6pt 0 0; text-align: right">9,717,708</P></TD>
    <TD STYLE="vertical-align: top; font-family: Palatino,serif; text-align: right">&nbsp;</TD>
    </TR>

<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; width: 81%">

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0">Treasury Bond in pesos adjusted by 1.30% CER. Maturity 09-20-2022</P></TD>
    <TD STYLE="vertical-align: top; width: 18%">

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0 6pt 0 0; text-align: right">10,809,133</P></TD>
    <TD STYLE="vertical-align: top; width: 1%; font-family: Palatino,serif; text-align: right">&nbsp;</TD>
    </TR>
  </TABLE>
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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">The transfer is due to the fact that the
bonds were listed on the market the number of days necessary to be considered Level 1. As of December 31, 2020, there were no transfers
from Level 2 to Level 1.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">b.3) Valuation techniques for Levels 2 and
3</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The valuation techniques used for Level 2 securities
require observable market data: the spot discount curve in pesos, US dollars, CER, the yield curve in pesos arising from ROFEX futures,
the yield curve in pesos arising from futures traded by ICAP Broker, and the spot selling exchange rate published by Banco de la Naci&oacute;n
Argentina (BNA). Below is a detail of valuation techniques for each financial product:</P>

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

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify"><B>Fixed Income </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The determination of fair value prices set forth by
the Bank for fixed income consists in considering the reference market prices of MAE.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">For Argentine Treasury Bonds and Bills, prices are
captured from MAE. If bonds have not been traded for the last 10 business days, a theoretical valuation is made, discounting cash flows
using the related discount curve.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Liquidity bills issued by the BCRA without quoted
prices in MAE on the last day of the month were assigned a theoretical value, discounting cash flows using the monetary policy rate.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>SWAPS</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">For swaps, the theoretical valuation consists in discounting
future cash flows using the interest rate, according to the curve estimated on the basis of fixed-rate peso-denominated bonds and bills
issued by the Argentine Government.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>Non-Delivery Forwards</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The theoretical valuation of NDFs consists in discounting
the future cash flows to be exchanged pursuant to the contract, using a discount curve that will depend on the currency of each cash flow.
The result is then calculated by subtracting the present values in pesos, estimating the value in pesos based on the applicable spot exchange
rate, depending on whether the contract is local or offshore.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">For local peso-dollar swap contracts, cash flows in
pesos are discounted using the yield curve in pesos resulting from the prices of ROFEX futures and the US dollar spot selling exchange
rate published by BNA. Cash flows in US dollars are discounted using the Overnight Index Swap (OIS) international dollar yield curve.
Then, the present value of cash flows in dollars is netted by converting such cash flows into pesos using the US dollar spot selling exchange
rate published by BNA.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">For local peso-euro swap contracts, cash flows in
pesos are discounted using the yield curve in pesos resulting from the prices of ROFEX futures and the US dollar spot selling exchange
rate published by BNA. Cash flows in euros are discounted using the yield curve in euros. Then, the present value of cash flows in euros
is netted by converting such cash flows into pesos using the euro spot selling exchange rate published by BNA.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">For offshore peso-dollar swap contracts, cash flows
in pesos are discounted using the yield curve in pesos resulting from market quoted forward prices sourced from ICAP and the US dollar
spot selling exchange rate published by BNA. Cash flows in dollars are discounted using the OIS yield curve. Then, the present value of
cash flows in dollars is netted by converting such cash flows into pesos using the Emerging Markets Traders Association (EMTA) US dollar
spot exchange rate.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The valuation techniques used for Level 3 financial
assets require the use of variables that are not based on observable market inputs. Below is a detail of the valuation techniques used
for each financial asset:</P>



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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>Investments in Equity Instruments</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The fair value of the equity interest held in Prisma
Medios de Pago S.A.&mdash;classified as Level 3&mdash;was determined by the Bank&rsquo;s Management with the input of the valuation report
prepared by an independent expert, who relied on a future discounted cash flow method embracing an income approach, net of the valuation
adjustment required by the BCRA in Memoranda No. 7/2019 and No. 8/2021 and net of the collection of dividends (Note 2.b) and Note 16).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>Corporate Bonds</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Fair value measurement of the following corporate
bonds held in portfolio:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 53.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">ON Petroqu&iacute;mica (ON PCR G)</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 53.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">ON Arcor (ON ARCOR17)</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">ON Vista oil y gas (ON VISTA11)</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 53.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">ON Ledesma (ON LDCAO)</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">ON Luz de tres picos (ON LTP1)</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 53.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">ON Newsan (ON WNC10O)</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">The valuation of corporate bonds classified as
Level 3 has been determined by the Entity&rsquo;s Management on the basis of the latest available market price (or subscription price,
if the security had not been listed in a market since the date of issuance) plus interest accrued to date. If the security has paid coupon,
then the &ldquo;clean&rdquo; price is calculated. If principal was repaid, then repayment amount is deducted and the &ldquo;dirty&rdquo;
price is recalculated, with interest being accrued until year end.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">The most relevant unobservable inputs include:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 53.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Projected BADLAR rates</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 53.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Latest market price</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 53.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Projected Dollar BCRA Communication &ldquo;A&rdquo; 3500 </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 53.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Projected UVA</FONT></P>



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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">The tables below show a sensitivity analysis for
each of the above-mentioned securities:</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center"><B>Badlar</B></P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center"><B>rate</B></P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center"><B>Scenarios</B></P></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in final price</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 8pt"><B>ON PCR G</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 8pt"><B>ON WNC10O</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 8pt"><B>ON LDCAO</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 22%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 1%</B></FONT></TD>
    <TD STYLE="width: 29%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">0.011616%</FONT></TD>
    <TD STYLE="width: 25%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">0.002136%</FONT></TD>
    <TD STYLE="width: 24%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">0.014013%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 2%</B></FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">0.023232%</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">0.004440%</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">0.028175%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 3%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">0.034848%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">0.006745%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">0.042337%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>Latest market price scenarios</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>Changes in final price</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>PCR G</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>WNC10O</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>LDCAO&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>ARCOR17</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>VISTA11&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>LTP1</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 14%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 2%</B></FONT></TD>
    <TD STYLE="width: 14%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">1.930%</FONT></TD>
    <TD STYLE="width: 14%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">1.968%</FONT></TD>
    <TD STYLE="width: 13%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">2.043%</FONT></TD>
    <TD STYLE="width: 15%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">1.997%</FONT></TD>
    <TD STYLE="width: 17%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">2.008%</FONT></TD>
    <TD STYLE="width: 13%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">2.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 5%</B></FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">4.826%</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">4.920%</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">5.108%</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">4.994%</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">5.021%</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">5.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 10%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">9.652%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">9.839%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">10.215%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">9.987%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">10.042%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">10.000%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center"><B>Dollar 3500</B></P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center"><B>Scenarios</B></P></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>Changes in final price</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>ON VISTA11 </B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>ON LTP1</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 21%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 2%</B></FONT></TD>
    <TD STYLE="width: 35%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">2.000%</FONT></TD>
    <TD STYLE="width: 44%; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">2.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 5%</B></FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">5.000%</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">5.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+10%</B></FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">10.000%</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">10.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 144.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 144.5pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="width: 38%; border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center"><B>UVA</B></P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center"><B>Scenarios</B></P></TD>
    <TD STYLE="width: 62%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>Changes in final price</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>ON ARCOR17 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 2%</B></FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">2.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+ 5%</B></FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">5.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>+10%</B></FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">10.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">b.4) Reconciliation of balances at beginning
of year and at year-end of Level 3 assets and liabilities at fair value</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">The following table shows a reconciliation
between balances at beginning of year and at year-end of Level 3 fair values:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 63%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.20</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Balance at beginning of year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,155,076</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;5,281,694</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Investments in equity instruments &ndash; Prisma Medios de Pago S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,080,912</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Derivatives instruments - Put option taken - Prima Medios de Pago S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,182,000)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">750,180</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Other debt securities - Private securities - Corporate bonds</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,041,220</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Dividends collected</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(582,269)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(682,674)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Monetary gain (loss) generated by assets at fair value</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,593,828)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1,275,036)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle">Balance at year-end</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,838,199</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,155,076</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Fair value of assets and liabilities not measured at fair value</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">Below is a description of methodologies
and assumptions used to assess the fair value of the main financial instruments not measured at fair value, when the instrument does not
have a quoted price in a known market.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets
and liabilities with fair value similar to their accounting balance</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">For financial assets and financial liabilities
maturing in less than three months, it is considered that the accounting balance is similar to fair value.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fixed
rate financial instruments</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">The fair value of financial assets was assessed
by discounting future cash flows from market rates at each measurement date for financial instruments with similar characteristics, adding
a liquidity premium (un-observable input) that expresses the added value or additional cost necessary to dispose of the asset.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Variable
rate financial instruments</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">For financial assets and financial liabilities
accruing a variable rate, it is considered that the accounting balance is similar to the fair value.</P>

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

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">The fair value hierarchy of assets and liabilities
not measured at fair value as of December 31, 2021 is detailed below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: bottom; width: 43%">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Accounting balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Total fair value</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Level 1 fair value</TD>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Level 2 fair value</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Level 3 fair value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif">Financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">218,344,920</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">137,548,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">12,770,814</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;740</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,210,155</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,667,538</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,667,538</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">374,829,046</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">369,463,673</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">369,463,673</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other debt securities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">22,084,903</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">22,084,903</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Financial assets pledged as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">15,666,596</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: bottom">Financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">708,336,185</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">699,975,184</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">699,975,184</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">61,592,426</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">11,758,005</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">11,490,026</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">11,490,026</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Corporate bonds issued</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">502,975</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;398,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;398,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">The fair value is not reported as it is considered similar to its accounting
value.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">The fair value hierarchy of assets and liabilities
not measured at fair value as of December 31, 2020 is detailed below:</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: bottom; width: 43%">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Accounting balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Total fair value</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Level 1 fair value</TD>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Level 2 fair value</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Level 3 fair value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif">Financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">229,595,178</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;74,245,015</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;12,939,940</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">&nbsp;Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">772</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">&nbsp;BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;9,064</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">&nbsp;Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;2,649,324</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">1,826,685</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">1,826,685</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">&nbsp;Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">419,251,255</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">415,436,375</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">415,436,375</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Financial assets pledged as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;16,562,656</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif">Financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">721,837,845</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">715,158,115</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">2,532,537</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">712,625,578</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;59,209,439</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;14,529,681</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: middle; text-align: right">14,898,662</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: middle; text-align: right">7,265,248</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: middle; text-align: right">7,633,414</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Corporate bonds issued</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;1,764,178</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">1,717,199</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">1,717,199</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: center; text-indent: -14.15pt"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 0 0 35.45pt">(1) The fair value is not reported as it is considered similar to its
accounting value.</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 36pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>44.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Segment reporting</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><U>Basis for segmentation </U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">As of December 31, 2021 and 2020, the Group
determined that it has only one reportable segment related to banking activities, based on information reviewed by the chief operating
decision maker. Most of the transactions, properties and customers of the Group are located in Argentina. No client has generated more
than 10% of the Group's total revenues.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">The following table shows relevant information
on loans and deposits by business line as of December 31, 2021 and 2020:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Group (banking activity) (1)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 44%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 18%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 18%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Loans and other financing</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">379,039,941</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">421,910,415</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Corporate banking (2)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">31,133,205</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">50,040,327</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Small and medium companies (3)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">124,854,836</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">132,922,547</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Retail</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">223,051,900</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">238,947,541</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Other assets</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">651,154,313</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">616,519,811</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">TOTAL ASSETS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">1,030,194,254</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">1,038,430,226</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Deposits</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">708,336,185</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">721,837,845</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Corporate banking (2) (3)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">155,726,497</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">137,516,724</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Small and medium companies (2) (3)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">148,926,306</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">153,270,958</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Retail</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">403,683,382</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">431,050,163</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Other liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">159,245,356</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">159,983,412</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">TOTAL LIABILITIES</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">867,581,541</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1pt solid; border-bottom: Black 2pt double; text-align: right">881,821,257</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 6pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-size: 6pt">It includes BBVA Asset Management Argentina S.A.U.
Sociedad Gerente de Fondos Comunes de Inversi&oacute;n, Consolidar A.F.J.P. (undergoing liquidation proceedings), PSA Finance Argentina
C&iacute;a. Financiera S.A. and Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 6pt">(2)</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-size: 6pt">It includes the Financial Sector.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 6pt">(3)</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-size: 6pt">It includes the Government Sector. </FONT></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">The information related to the operating segment
(the Group's banking activity) is the same as that presented in the Consolidated Statement of Income, considering that it is the measure
used by the Entity's chief operating decision marker for the allocation of resources and performance evaluation.</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>45.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Subsidiaries</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 30.35pt">Below is the information on the Bank's subsidiaries:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center; line-height: 12pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Name</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center; line-height: 12pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Registered office (country)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center; line-height: 12pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Interest as of</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center; line-height: 12pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>12.31.21</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: center; line-height: 12pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>12.31.20</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 59%">

    <P STYLE="margin: 0pt; font: 10pt/12pt Times New Roman,serif">Consolidar A.F.J.P. S.A. (undergoing liquidation proceedings)</P></TD>
    <TD STYLE="width: 12%">

    <P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0pt; text-align: center">Argentina</P></TD>
    <TD STYLE="width: 15%">

    <P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0pt; text-align: center">53.8892 %</P></TD>
    <TD STYLE="width: 14%">

    <P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0pt; text-align: center">53.8892 %</P></TD>
    </TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">PSA Finance Argentina C&iacute;a. Financiera S.A.&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Argentina</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">50.0000 %</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">50.0000 %</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A.</FONT></TD>
    <TD>

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">Argentina</P></TD>
    <TD>

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">51.0000 %</P></TD>
    <TD>

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">51.0000 %</P></TD>
    </TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD>

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">Argentina</P></TD>
    <TD>

    <P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">100.0000 %</P></TD>
    <TD>

    <P STYLE="text-align: center; font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">100.0000 %</P></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>46.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Related parties</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 7.05pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/12pt Palatino,serif; margin: 0 0 6pt 1cm; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">a)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Parent</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-indent: 7.1pt">The Bank's parent is Banco Bilbao Vizcaya Argentaria.</P>

<P STYLE="font: 10pt/6pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-indent: 7.1pt">&nbsp;</P>

<P STYLE="font: 12pt/12pt Palatino,serif; margin: 6pt 0 6pt 1cm; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">b)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Key management personnel</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 36pt; text-align: justify">Pursuant to IAS 24, key management personnel
are those having the authority and responsibility for planning, managing and controlling the Group&rsquo;s activities, whether directly
or indirectly.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 36pt; text-align: justify">Based on that definition, the Group considers
the members of the Board of Directors as key personnel.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-indent: 7.1pt">b.1) Remuneration of key management personnel</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-indent: 7.1pt">The Group's key management personnel received
the following compensations:</P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 68%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12/31/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Fees</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">54,335</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">76,589</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">54,335</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">76,589</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0; text-indent: 35.45pt">
b.2) Profit or loss from transactions and balances with key management personnel</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Balances as of&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Profit or loss from transactions&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.20&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 39%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 17%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font: bold 11pt Times New Roman, serif; vertical-align: bottom; text-align: right; width: 12%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">45&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,559&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;7,509&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">1,080</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,707&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,105&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,796&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;235</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">385&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;12,896&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">49,317&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;354</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,623&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 42.55pt; text-align: justify">Loans are granted on an arm&rsquo;s
length basis. As of December 31, 2021 and 2020, balances of loans granted are classified under normal performance according to the debtor
classification rules issued by the BCRA.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0; text-indent: 0.5in">b.3) Profit or loss and balances with related parties
(except for key management personnel)</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font: bold 10pt Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Parent</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Times New Roman, serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Balances as of&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Profit or loss from transactions&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.20&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 44%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">626,770&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,763,407&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial assets(2)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">525,435&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,217&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other non-financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;21,186,026&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">10,659,186&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,023,784&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,089,611&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Derivative instruments (Liabilities)(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;17,536&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;598,086&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;582,408&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Off-balance sheet balances</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Securities in custody</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;90,837,919&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">95,135,597&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Derivative instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,396,210&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Sureties granted</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,359,509&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,010,096&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;7,789&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;8,990&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Guarantees received</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,420,998&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,622,988&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left; width: 44%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 4%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif; text-align: left">(1) Profit or loss of Derivative Instruments (Assets) is exposed under Derivative Instruments (Liabilities).</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif; text-align: left">(2) These transactions do not generate profit or loss.&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 0"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1cm; text-indent: 0.5in">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Subsidiaries</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Balances as of&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Profit or loss from transactions&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.20&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 44%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;7,869,047&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,573,137&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,887,105&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,397,469&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;659&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">267&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">222,247&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;460,751&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;126,783&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,746&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other non-financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;23&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">35&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,107&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,053&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financing received</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;14,910&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other operating income</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,330&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;13,059&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Off-balance sheet balances</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Securities in custody</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,905,039&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,221,661&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Sureties granted</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;281&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">424&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1cm; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 1cm; text-indent: -14.15pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Associates</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Balances as of&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;Profit or loss from transactions&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.20&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 44%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;652&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,410&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,090,347&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;109,353&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,114,032&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,234,349&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;780&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;7,832&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,739&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;116,077&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">203,259&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;110,670&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">827,253&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;927,742&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;15,076&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;9,034&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other non-financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;432&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financing received</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,338,954&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,137&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Derivative instruments (Liabilities)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;86,708&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Corporate bonds issued</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;37,059&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other operating income</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;58,397&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;62,425&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Off-balance sheet balances</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Securities in custody</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,037,498&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,288,472&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,718&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Guaranties received</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,013,348&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;21,440&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Sureties granted</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;540&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">668&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">207&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 42.55pt; text-align: justify">Transactions have been agreed upon on
an arm&rsquo;s length basis. As of December 31, 2021 and 2020, balances of loans granted are classified under normal performance according
to the debtor classification rules issued by the BCRA.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>47.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Financial instruments risks</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>47.1 <U>Risk policies of financial instruments</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B><U>Presentation of Risk Management and
Risk-Weighted Assets (RWA)</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Strategies and processes</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The purpose of the organization is based on
assuming a prudential level of risks in order to generate yields and keep acceptable levels of capital and funding, and generate benefits
on a recurring basis. Therefore, it is vital that the teams assigned to risk management are highly trained professionals.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The General Risks Policy of BBVA Argentina
expresses the levels and types of risk the Entity is willing to take to carry out its strategic plan, with no relevant deviations, even
under stress conditions. Along this line, the process for risks management is comprehensive and proportional to the economic size and
importance of the financial institution.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">To achieve its goals, BBVA Argentina uses
a management model with two guiding principles for the decision-making process:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.7pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">Prudential analysis: related to the management of
the various risks acknowledged by the Entity. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.7pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">Anticipation: it refers to the capacity to make decisions
foreseeing relevant changes in the environment, the competition and customers that may have an impact in the mid-term. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">This process is adequate, sufficiently proven,
duly documented and periodically reviewed based on the changes to the Entity&rsquo;s risk profile and the market.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">In this regard, the Board of Directors and
the Senior Management are highly committed to the identification, evaluation, follow-up, control and mitigation of significant risks.
These bodies periodically review credit, financial and operational risks, which may potentially affect the success of BBVA Argentina's
activities, and place special emphasis on strategic, reputation and concentration risks.</P>



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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Structure and organization </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Entity has a formal organizational structure
in place, with a set of roles, responsibilities and powers, organized in a pyramidal structure, generating control instances by an independent
area from lower to higher levels, up to the highest decision-making bodies. Below are the areas in each structure and a list of their
functions:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 60.7pt; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk
Management</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 60.7pt; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Committees</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 60.7pt; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Control
and Reporting Units</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 60.7pt; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cross-Control
Areas</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Risk Management </U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">This area is independent from business units.
It is in charge of implementing the criteria, policies and procedures defined by the organization within the scope of credit (retail and
wholesale), financial and non-financial risk management, by following-up and controlling their proper application and by proposing the
actions necessary to keep the quality of risks within the defined goals. Some of its main functions are to ensure proper information for
the decision-making process at all levels, including relevant risk factors, such as:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">-&#9;Active management throughout the risk
lifetime.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">-&#9;Clear processes and procedures.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">-&#9;Integrated management of all risks through
identification and quantification.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">-&#9;Generation, implementation and dissemination
of advanced decision-making support tools.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Committees</U><B>: </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">Committees are responsible for risk management.
This implies knowledge, assessment, weighting and potential mitigation. BBVA Argentina has an agile and proper structure of committees
in charge of managing various risks.</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Control and Reporting Units:</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">Control and monitoring areas are in charge
of giving cohesion to credit risk management, and of ensuring that all other risks critical to the Entity are managed in accordance with
the established standards.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The main responsibilities of Internal Risks
Control are: ensuring there is a proper internal regulatory framework, as well as processes and measures defined for each type of risk;
controlling their application and operation; and ensuring the existence of a control environment and its proper implementation and operation
are assessed.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The area has a Model Validation team in charge
of verifying whether BBVA Argentina's internal risk statistical models are adequate for use, and issuing a grounded and updated opinion
on proper use of such models.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Reporting area is in charge of controlling
procedures for risk rating and credit limit requirements; provisioning; determining the risk quota for each segment of economic activity
and type of financing; and assessing and following-up fundamental metrics setting forth, in quantitative terms, the principles and general
risk profile in the statement of Risk Appetite. In addition, it is in charge of generating reports to support Risk Management&rsquo;s
decisions in compliance with internal and control organizations&rsquo; credit policies, as well as of reviewing processes and proposing
alternatives.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Cross-Control Areas</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Entity also has cross-control areas for
business and support units, such as: Internal Audit, Regulatory Compliance, and Internal Control.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Risk Appetite</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">Risk Appetite is a key element in financial
institutions' management, providing a comprehensive framework for the Entity to determine the risks and level of risks it is willing to
take to reach its business goals, expressed in terms of capital, liquidity, profitability, income recurrence, risks costs or other metrics.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">Risk Appetite is expressed through a Statement
containing the general principles for the Bank&rsquo;s strategy and quantitative metrics.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>Stress Testing</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">In compliance with the provisions on &ldquo;guidelines
for risk management in Financial Institutions&rdquo; set forth by the Argentine Central Bank, the Entity has developed a stress test program,
within the Entity's comprehensive risk management.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">Stress test means the evaluation of the Entity's
financial position under an adverse but plausible scenario, which requires the simulation of scenarios to estimate the potential impact
on the value of portfolios, profitability, solvency and liquidity for the purposes of identifying latent risks or detecting vulnerabilities.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B><U>Credit Risk</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">The Bank defines credit risk as the possibility
to sustain losses as a result of a debtor&rsquo;s or counterparty&rsquo;s noncompliance with the contractual obligations assumed.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">Credit risk is present in on and off-balance
sheet transactions, as well as settlement risk, that is to say, when a financial transaction cannot be completed or settled as agreed.
Credit risk losses arise from a debtor's or counterparty&rsquo;s noncompliance with its obligations. Also, it takes into consideration
several types of risks, such as country risk, and counterparty credit risk.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">BBVA Argentina defines country risk as the
risk of sustaining losses generated in investments and loans to individuals, companies, and governments due to the incidence of economic,
political, and social events occurring in a foreign country.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>Strategy and processes </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">BBVA Argentina develops a credit risk management
strategy defining the goals that will guide its granting activities, the policies to be adopted, and the necessary practices and procedures
to carry out those activities.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">Additionally, Risk Management annually develops,
together with the rest of the Group's management departments, a budget process, including the main variables of credit risk:<BR>
<BR>
</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Expected growth per portfolio and product. </FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Changes in the default ratio. </FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Changes in write-off portfolios. </FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">Thus, the standard expected credit risk values
for a term of one year are set. Afterwards, the real values obtained are compared with that budget, to assess both the growth of the portfolio
and its quality.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">Also, maximum limits or exposures per economic
activity are formalized, pursuant to the Bank&rsquo;s placement strategy, which are used to follow up credit portfolios. In the event
of deviations from the limits set, these are analyzed by the Risk Follow-Up Committees to take the necessary measures.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Admission</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">BBVA Argentina has credit risk admission policies
in place, whereby the criteria for obtaining quality assets, establishing risk tolerance levels, and aligning credit activities with the
strategy of BBVA Argentina are defined.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Follow-up</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Bank establishes certain follow-up procedures
based on the banking area involved, as the admission stage is not the end of the process. Follow-up is as important as decision-making,
since risk is dynamic and customers rely on themselves and the environment.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The main follow-up procedures carried out
for the various Banking areas are:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Follow-up on the limit granted: Since customer profiles vary
over time, the limits of products purchased are periodically reviewed for the purpose of extending, reducing, or suspending the limit
assigned, based on the risk situation. </FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Maintenance of proactive limits: Customers&rsquo; characteristics,
and therefore the characteristics of the data originating certain limits, vary over time. Therefore, there is periodical maintenance of
the proactive limits, taking into consideration the changes in a customer's situation (position of assets and liabilities, and relationship).
Likewise, there is a periodic follow-up on the changes in proactive limits for the purpose of controlling and ensuring the risk assigned
is in accordance with the desired risk levels. </FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Follow-up on rating tools: Rating tools rely on the internal
inputs and show the characteristics and biases of such inputs. Therefore, they need a long period of use to soften or eliminate those
biases through the inclusion of new information, correction of existing information and periodic reviews optimizing the results of back-tests.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Portfolio analysis: The portfolio analysis consists of a follow-up
process and study of the complete cycle of the risk of portfolios for the purpose of analyzing the status of the portfolio, identifying
potential improvements in the management, and forecasting the future behavior. </FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">Additionally, the following functions shall
be carried out:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Follow-up on specific customers. </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Follow-up on products. </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Follow-up on units (branches, areas, channels). </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Other follow-up actions (samples, control of admission and risk
management processes, campaigns).</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The priority in credit risk follow-up processes
is focused mainly on problematic or potentially problematic customers, for preventive purposes. The remaining aspects, the follow-up on
products, units and other follow-up actions are supplementary to the specific follow-up on customers.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>Recovery </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">BBVA Argentina has Recovery areas which are
part of its Retail and Wholesale Risk divisions. The role of these areas is mitigating the severity of credit portfolios, of both the
Bank and the companies related to the Entity, as well as contributing to the Bank's results, directly through collections of Write-Off
portfolios and indirectly through collections of active portfolios, which imply a reduction in allowances.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>Scope and nature of risk information and/or
measurement systems </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">BBVA Argentina has several tools that are
used in credit risk management, allowing for effective risk control and facilitating the whole risk treatment process.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Additional information on the credit quality
of assets </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>Exposure to credit risk</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">The Group&rsquo;s exposure to credit risk of loans and overdrafts as
per IFRS 9 with allocation by stage according to the classification of assets as of December 31, 2021 and 2020 is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left; width: 44%">Exposure to credit risk</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 14%">December 31, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 14%">Stage 1</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 14%">Stage 2</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 14%">Stage 3</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Financial assets at amortized cost&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">385,426,039</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">331,632,183</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">44,555,339</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">9,238,517</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">165,375,093</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">146,282,015</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">15,609,388</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">3,483,690</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Company Banking</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">93,325,137</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">83,205,919</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8,485,980</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,633,238</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Corporate and investment banking</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">58,197,739</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">50,147,069</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,320,490</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,730,180</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Local and International</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,367</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">995</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">29</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">343</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- SMEs</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,850,850</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12,928,032</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">802,889</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">119,929</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">220,050,946</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">185,350,168</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">28,945,951</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">5,754,827</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">626,264</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">412,038</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">117,735</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">96,491</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">151,043,597</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">133,242,253</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">15,457,420</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,343,924</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">40,349,507</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">31,560,189</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,063,168</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,726,150</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,460,286</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,270,311</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">116,448</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">73,527</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">25,562,122</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17,856,861</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,191,102</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">514,159</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,834</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,756</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">78</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,336</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,760</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">576</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Financial assets at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">1,359,517</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">1,359,517</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,359,517</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,359,517</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total financial assets&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">386,785,556</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">332,991,700</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">44,555,339</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">9,238,517</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Loan commitments and financial guarantees&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">89,022,590</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">82,516,584</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">6,467,260</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">38,746</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">16,935,421</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">14,559,615</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">2,366,930</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">8,876</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Company Banking</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,805,532</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,678,895</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,121,400</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,237</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Corporate and investment banking</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,416,826</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,843,666</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">573,160</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Local and International</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,138,516</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,691,301</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">447,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- SMEs</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,574,547</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,345,753</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">225,155</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,639</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">72,087,169</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">67,956,969</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">4,100,330</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">29,870</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,075,146</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,868,771</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">206,212</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">163</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">64,568,415</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">60,774,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,765,007</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">29,193</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">411,754</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">282,838</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">128,402</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">514</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">31,854</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">31,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">709</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total loan commitments and financial guarantees&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">89,022,590</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">82,516,584</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">6,467,260</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">38,746</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total exposure to credit risk&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">475,808,146</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">415,508,284</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">51,022,599</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">9,277,263</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 14.2pt; text-align: justify"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left; width: 44%">Exposure to credit risk</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 14%">December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 14%">Stage 1</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 14%">Stage 2</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 14%">Stage 3</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Financial assets at amortized cost&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">417,669,548</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">350,580,700</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">59,190,889</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">7,897,959</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">181,370,290</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">159,611,205</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">17,360,388</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">4,398,697</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Company Banking</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">98,546,287</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">89,436,398</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,031,014</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,078,875</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Corporate and investment banking</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">77,019,871</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">64,880,096</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,986,179</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,153,596</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Local and International</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,342</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,809</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">14</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">519</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- SMEs</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,798,790</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,289,902</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">343,181</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">165,707</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">236,299,258</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">190,969,495</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">41,830,501</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">3,499,262</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">600,696</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">338,289</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">88,894</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">173,513</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">163,607,070</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">131,845,039</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">30,287,816</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,474,215</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">41,779,084</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">32,316,473</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,738,715</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,723,896</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,291,144</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,126,056</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">113,445</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">51,643</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">28,016,348</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">24,340,030</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,600,399</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">75,919</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,018</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,774</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">29</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">898</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">834</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">47</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Financial assets at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">5,849</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">5,849</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,849</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,849</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total financial assets&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">417,675,397</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">350,586,549</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">59,190,889</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">7,897,959</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Loan commitments and financial guarantees&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">94,379,518</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">86,976,160</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">7,389,845</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">13,513</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">22,797,800</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">21,422,994</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">1,363,276</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">11,530</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Company Banking</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,088,863</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,807,413</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">272,121</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,329</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Corporate and investment banking</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8,576,144</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8,248,211</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">327,205</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">728</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Local and International</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,363,672</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,630,780</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">732,892</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- SMEs</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">769,121</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">736,590</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">31,058</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,473</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">71,581,718</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">65,553,166</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">6,026,569</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">1,983</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,504,050</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,357,531</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">146,430</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">89</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">63,592,711</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">57,791,712</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,799,105</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,894</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">437,271</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">390,530</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">46,741</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">47,686</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,393</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">34,293</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total loan commitments and financial guarantees&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">94,379,518</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">86,976,160</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">7,389,845</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">13,513</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total exposure to credit risk&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">512,054,915</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">437,562,709</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">66,580,734</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">7,911,472</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B><U>Information on the credit quality of assets</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">The Group&rsquo;s analysis of credit quality of
loans and overdrafts under IFRS 9 with allocation of risk as of December 31, 2021 and 2020 is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left; width: 49%">&nbsp;Credit quality&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 17%">December 31, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 17%">December 31, 2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Low risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">133,952,952</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">136,658,665</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Medium risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">41,292,855</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">40,038,038</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- High risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,572,141</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">23,061,160</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Non-performing</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,492,566</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,410,227</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total wholesale&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">182,310,514</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">204,168,090</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Low risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">219,098,052</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">194,959,570</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Medium risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">65,951,676</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">103,514,198</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- High risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,303,690</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,905,963</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Non-performing</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,784,697</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,501,245</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total retail&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">292,138,115</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">307,880,976</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Debt securities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Corporate bonds (B)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">911,442</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Corporate bonds (CCC+)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">448,075</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,849</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total debt securities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">1,359,517</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">5,849</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total exposure to credit risk&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">475,808,146</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">512,054,915</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify; text-indent: -21.25pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Credit risk hedging</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Risk hedging and/or mitigation policy </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">Although risk hedges and/or mitigation with
additional guarantees are an important factor when granting loans, the main factor to decide is if the customer has sufficient generation
of funds to pay for the obligations agreed.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The beneficiary's repayment capacity by generating
sufficient resources is above any other consideration. Thus, the risk decision is based on the borrower's payment capacity to timely and
duly comply with all the financial obligations assumed, based on income obtained from its customary business or income source, without
relying on sureties, guarantors or assets pledged as collateral.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">In addition to the policies and follow-ups,
BBVA Argentina uses collateral, comfort letters and covenants as risk mitigating tools.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Collateral</B><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">Upon assessing collateral, BBVA Argentina
carefully analyzes if it is appropriate. Along this line, the milestones to update the value of collateral apply under prudential principles.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">Regarding the types of collateral managed
by BBVA Argentina, the following stand out:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">Guarantees: It includes sureties or unsecured instruments.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 53.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">Joint and several guarantee: Upon default on payment,
the creditor may collect the unpaid amount from either the debtor or the surety.</FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><IMG SRC="bbarfs4q216k_002.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->73<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">Joint guarantee: In this case the guarantors and debtholders
are liable in proportion to their interest in the company / transaction and restricted to such amount or percentage. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 7.1pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">Security interest: It includes guarantees based on
tangible assets, which are classified as follows:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 7.1pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.1pt 0 60.7pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Mortgages: A mortgage does not change the debtor's unlimited liability, who remains fully liable.
They are documented pursuant to the Bank's internal regulations for such purposes and are duly registered. Also, there is an independent
appraisal, at market value, which enables a prompt sale. </FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 60.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.1pt 0 60.7pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Pledges: This includes chattel mortgages of motor vehicles or machinery, as well as liens on Time
Deposits and Mutual Funds. To be accepted, they shall be effective upon realization accordingly, they are properly documented and shall
be approved by the Legal Services area. Finally, the Bank hedges against the variation in the value of the pledge. </FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><B>Loan commitments</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">To meet the specific financial needs of customers,
the Group's credit policy also includes, among others, granting collateral, surety, warranties, letters of credit and secured loans (recorded
in debit accounts pursuant to accounting standards of the BCRA). Although these transactions are not recognized in the Consolidated Statement
of Financial Position because they imply a potential liability for the Group, they expose the Group to credit risks in addition to those
recognized in the Consolidated Statement of Financial Position and are, therefore, an integral part of the Group's total risk.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2021 and 2020, the Group holds
the following contingent transactions:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 14.2pt; text-align: justify; text-indent: 7.1pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Liabilities related to foreign trade transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,397,650</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95,724</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Secured loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,344,706</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,811,373</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Unused overdrafts and loans granted</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,141,733</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,239,326</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Guarantees granted</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854,094</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,130,770</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,738,183</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,277,193</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Hedging based on netting of on and off-balance
sheet transactions </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Entity, within the limits defined by regulations
regarding netting, negotiates with its customers the execution of master agreements (for instance, ISDA or CMOF) for the derivatives business,
including the netting of off-balance sheet transactions.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The wording of each agreement determines in
each case the transaction subject to netting. The reduction in the exposure of counterparty risk arising from the use of mitigation techniques
(netting plus use of collateral agreements) implies a decrease in total exposure (current market value plus potential risk).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Main types of guarantors and counterparties
of credit derivatives </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Bank defines that the collateral (or credit
derivative) shall be direct, explicit, irrevocable, and unconditional in order to be accepted as risk mitigation. Furthermore, regarding
admissible guarantors, BBVA Argentina accepts financial institutions (local or foreign), public entities, stock exchange companies, and
resident and non-resident companies, including insurance companies.</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Concentration of the market or credit risk
through the instruments used to mitigate credit risk</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The Entity classifies the collateral received
pursuant to the regulations in force of the BCRA into:<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 117.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Preferred Collateral &ldquo;A&rdquo;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 117.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Preferred Collateral &ldquo;B&rdquo;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 117.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Other Collateral (not included in the sections above)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">Collateral received for loans are reported
in Exhibit &ldquo;B&rdquo; to these consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B><U>Credit quality of financial assets
which are not past due or impaired </U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Group relies on certain tools (&ldquo;scoring&rdquo;
and &ldquo;rating&rdquo;) to classify the credit quality of its transactions and customers, based on an assessment and subsequent mapping
to probability of default (&ldquo;PD&rdquo;) scales. In analyzing the PD performance, the Group relies on certain monitoring tools and
historical databases that contain relevant information generated in-house. These tools can be grouped in scoring and rating models. The
main difference between both lies in the fact that scoring models are used to assess retail products, while rating models are intended
for wholesale banking customers.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Group calculates these different levels
and their associated probabilities of default by reference to rating scales and default rates. These calculations establish the PD levels
for the Bank's Master Rating Scale. Even though this scale is common to the whole Group, adjustments (mapping of scores to PD sections
/ Master Rating Scale levels) are made at the tool level per each country where the Group has tools available.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B><U>Financial Risks</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Financial Risk applies the criteria, policies
and procedures defined by the Board of Directors within the management of that risk, with follow-up and control on its proper application,
and proposing the necessary actions to maintain the quality of risk within the defined risk appetite.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The financial risks management model of BBVA
Argentina consists of the Market Risk, Structural Risk and Economic Capital Areas, which are coordinated for risks control and follow-up.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The management of these risks is in line
with the basic principles of the Basel Committee on Banking Supervision, with a comprehensive process to identify, measure, monitor and
control risks.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The organization of financial risks is completed
with a scheme of committees, in which it participates, created for the purpose of having an agile management process integrated into the
treatment of the various risks.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Among others:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 117.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Assets and liabilities Committee (ALCO)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 117.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Risk Management Committee (RMC)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 117.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Office Book,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Financial Risks Committee (FRC)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">BBVA Argentina has many tools and systems
to manage and follow-up market risk, to achieve effective risk control and treatment.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B><U>Market Risk</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">BBVA Argentina considers market risk as the
likelihood of losing value of the trading portfolio as a consequence of adverse changes in market variables affecting the valuation of
financial products and instruments.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The main market risk factors the Entity is
exposed to are as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 71.05pt"></TD><TD STYLE="width: 14.15pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 7.05pt">Interest rate risk: From exposure to changes in the various interest rate curves.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.95pt"></TD><TD STYLE="width: 14.25pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 7.05pt">Foreign exchange risk: From changes in the various foreign exchange rates. All
positions in a currency other than the financial statements currency create foreign exchange risk.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The main market risk metric is VaR (&ldquo;Value
at Risk&rdquo;), a parameter to estimate the maximum loss expected for the trading portfolio positions with a 99% confidence level and
a time horizon of 1 day.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Current management structure and procedures
in force include follow-up on a limit and alert arrangement in terms of VaR, economic capital, stress and stop loss.</P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The market risk measurement model is periodically
validated through Back-Testing to determine the quality and precision of the VaR estimate.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The Market Risk management model contemplates
procedures for communication in the event the risks levels defined are exceeded, establishing specific communication and action procedures
based on the exceeded threshold.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The market risk measurement perimeter is
the trading book managed by the Global Markets unit. The trading book mainly consists of:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Argentine Government Securities (Argentine
Treasury bonds and bills).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Argentine Central Bank Bills.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Corporate Bonds.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Foreign exchange spot.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Derivatives (Exchange rate Futures and Forwards).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The following tables show changes in total
VaR and VaR per risk factors.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><U>VaR (in millions of pesos)</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-size: 10pt">12.31.21</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">12.31.20</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Average</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">222.66</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">226.41</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">37.04</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">27.42</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">504.43</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">431.58</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Closing</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">88.76</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">225.50</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><U>VaR per risk factors &ndash; (in millions
of pesos)</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify; text-indent: -33.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><U>VaR Interest rate</U></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">12.31.21</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;12.31.20</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Average</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">211.15</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">108.68</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">5.75</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">6.97</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">503.39</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">406.57</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Closing</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">90.95</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">237.23</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify; text-indent: -33.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><U>VaR Exchange rate</U></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">31.12.21</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;31.12.20</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Average</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">43.11</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">187.62</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">0.99</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2.93</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">157.89</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">377.09</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Closing</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1.29</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">137.98</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><U>Currency risk</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The position in foreign currency is shown
below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD COLSPAN="3" STYLE="border-top: Gray 1pt solid; border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">ACCOUNTS</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Gray 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD COLSPAN="4" STYLE="border-top: Gray 1pt solid; border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">AS OF 12.31.21 (per
    currency)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Gray 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; width: 42%">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 9%">AS OF</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 9%">AS OF</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left; background-color: white">ASSETS</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">Dollar</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">Euro</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">Real</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;149,812,068</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">144,643,571</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,991,239</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">37,497</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">139,761</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">173,513,526</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;949</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,888,425</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,881,028</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,397</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,341,544</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;19,033,920</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">19,001,344</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">32,576</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">42,155,402</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;13</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;26</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;168,341</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">168,341</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;623,980</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;18,865,566</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">18,832,990</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">32,576</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">41,531,396</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: left">Other debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,148,773</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,148,773</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial assets pledged as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,624,419</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,624,419</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,119,348</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Investments in equity instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;35,844</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">35,844</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">42,676</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center; font-weight: bold; font-family: Times New Roman, serif">TOTAL ASSETS&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;179,543,449</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">174,334,979</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;5,031,212</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">37,497</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">139,761</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">226,173,445</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left; width: 42%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="border-top: Gray 1pt solid; border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">ACCOUNTS</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Gray 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD COLSPAN="4" STYLE="border-top: Gray 1pt solid; border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">AS OF 12.31.21 (per
    currency)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Gray 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">AS OF</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">AS OF</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left; background-color: white">LIABILITIES</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">Dollar</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">Euro</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">Real</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;166,231,580</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">163,082,499</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,149,081</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">207,456,770</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,212,294</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,194,578</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17,716</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,489,131</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;34,913</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">34,013</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">900</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">76,828</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;162,984,373</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">159,853,908</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,130,465</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">203,890,811</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,274,557</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,825,251</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">432,107</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17,199</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">15,677,370</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;508,751</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">508,751</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,412,396</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other non-financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,323,448</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,301,024</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,022,424</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,724,778</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; font-weight: bold; font-family: Times New Roman, serif">TOTAL LIABILITIES</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;181,338,336</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">176,717,525</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;4,603,612</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">17,199</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">228,271,314</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The notional amounts of the foreign currency
forward and forward transactions are reported below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign currency forwards</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;Foreign currency forward purchases - US$</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,189,085</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,011,403</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency forward sales - US$</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,129,832</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978,794</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency forward sales - Euros</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,432</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,834</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Interest rate swaps</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Fixed rate for floating rate (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>



<P STYLE="font: 8pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">(1) Floating rate: Badlar rate is the interest
rate for time deposits over 1 (one) million pesos, from 30 to 35 days.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><U>Interest rate risk</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Structural interest risk (SIR) gathers the
potential impact of market interest rate variations on the margin of interest and the equity value of BBVA Argentina.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The process to manage this risk has a limit
structure to keep the exposure to this risk within levels that are consistent with the risk appetite and the business strategy defined
and approved by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Within the core metrics used for measurement,
follow-up and control, the following stand out:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Margin at Risk (MaR): It quantifies the maximum loss
which may be recorded in the financial margin projected over 12 months under the worst-case scenario of rate curves for a certain level
of confidence.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt">Economic Capital (EC): It quantifies the maximum
loss which may be recorded in the Entity's economic value under the worst-case scenario of rate curves for a certain level of confidence.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Book Antiqua,serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 30.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The Bank additionally carries out a sensitivity
analysis on the economic value and the financial margin for parallel variations by +/- 100 basis points over interest rates.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The following table shows the progress of
the sensitivity of the economic value (SEV), given a variation of +100 basis points in relation to the Core Capital:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>SEV +100 bps</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 40%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 30%; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">12.31.21</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 30%; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">12.31.20</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 35.45pt; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Year-end</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.95%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.38%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 35.45pt; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.54%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.17%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 35.45pt; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">1.34 %</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.47%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 35.45pt; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Average</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.81%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.34%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The following table shows the progress of
the sensitivity of the financial margin (SFM), given a variation of -100 basis points in relation to the 12-month projected margin:</P>

<P STYLE="font: 10pt BBVA Office Book,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>SFM -100 bps</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 40%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 30%; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">12.31.21</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 30%; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">12.31.20</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 35.45pt; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Year-end</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.97%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">1.00%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 35.45pt; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.72%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.56%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 35.45pt; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">1.22%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">1.00%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 35.45pt; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">Average </FONT></TD>
    <TD STYLE="padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.95%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">0.82%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B><U>Liquidity and financing risk</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Liquidity risk is defined as the possibility
that the Entity may not efficiently meet its payment obligations, without incurring significant losses that may affect its daily operations
or its financial position.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The short-term purpose of the liquidity and
financing risk management process at BBVA Argentina is to timely and duly address payment commitments agreed, without resorting to additional
funding deteriorating the Entity's reputation or significantly affecting its financial position, keeping the exposure to this risk within
levels that are consistent with the risk appetite and the business strategy defined and approved by the Board of Directors. In the medium
and long term, such process is aimed at watching for the suitability of the financial structure of the Bank and its changes, according
to the economic situation, the markets, and the regulatory changes.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Within the core metrics used for measurement,
follow-up and control of this risk, the following stand out:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">LtSCD (Loan to Stable Customers Deposits):
It measures the relationship between the net credit investment and the customers&rsquo; stable resources and is set forth as the key metric
of risk appetite. The goal is to preserve a stable financing structure in the medium and long term.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">LCR (Liquidity Coverage Ratio): It measures
the relation between high quality liquid assets and total net cash outflows during a 30-day period. BBVA Argentina, as established in
the regulations issued by the BCRA, &ldquo;A&rdquo; 5693, calculates the liquidity coverage coefficient daily.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Changes in LCR ratios are summarized below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 40%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 30%; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">12.31.21</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; width: 30%; border-bottom: Black 1pt solid; padding-left: 35.45pt; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">12.31.20</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 35.45pt; text-align: justify; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">LCR</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">320%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 35.45pt; text-align: center; font-family: Times New Roman,serif"><FONT STYLE="font-size: 10pt">314%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Concentration of deposits as of December
31, 2021 and 2020 is exposed in Exhibit H to these consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The following charts show the breakdown by
term of loans, other financing and financial liabilities considering the total contractual amounts to their due date, as of December 31,
2021 and 2020:</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
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    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Assests - Exhibit D (*)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Liabilities - Exhibit I <FONT STYLE="font-family: Times New Roman, serif; font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(*)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; width: 38%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: center; width: 13%">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 13%">12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: center; width: 13%">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 13%">12.31.20</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">Up to 1 month</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;187,818,052</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;213,909,599</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;700,453,378</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;714,204,052</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">From 1 month to 3 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,212,107</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,163,098</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,849,052</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,471,310</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">From 3 months to 6 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46,817,496</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46,392,316</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,544,111</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,550,744</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">From 6 months to 12 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46,923,113</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,017,719</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,981,056</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,254,662</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">From 12 months to 24 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,875,143</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51,010,027</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,342,302</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,233,699</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">More than 24 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64,677,955</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,882,381</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,671,794</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,407,841</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 2pt double; text-align: right">442,323,866</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 2pt double; text-align: right">483,375,140</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 2pt double; text-align: right">802,841,693</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 2pt double; text-align: right">815,122,308</TD></TR>
  </TABLE>

<P STYLE="font: 8pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm">(*) The figures of this chart include the amounts for interest
accrued and to be accrued. For floating-rate instruments, interest was calculated using the current rate.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify">In addition, the Bank has issued financial
guarantees and credit commitments with the following breakdown by term considering their maturity date as of December 31, 2021 and 2020:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; width: 54%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 20%">12/31/2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 20%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Up to 1 month</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293,488,653</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312,617,268</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">From 1 month to 3 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,379,251</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,057,811</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">From 3 months to 6 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564,901</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,383,985</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">From 6 months to 12 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545,896</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,251,525</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">From 12 months to 24 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136,243</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278,232</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">More than 24 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632,380</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959,232</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296,747,324</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 1pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320,548,053</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 39.25pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 39.25pt">The amounts of the Group's financial assets and liabilities,
which are expected to be collected or paid twelve months after the reporting date, are disclosed below:</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; width: 63%">Financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 13%">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 13%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,958</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,424,512</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;103,553,098</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;116,892,408</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;25,149,891</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;43,111,129</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Financial assets pledged as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,477,564</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Total</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;136,605,065</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;160,005,495</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif">Financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,213</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,139</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Other financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,311,667</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,530,147</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Financing received from BCRA and other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,576,621</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,579,467</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Corporate bonds issued</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100,595</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500,786</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Total</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,014,096</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,641,539</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 30.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 30.35pt; text-align: justify"><B>47.2&nbsp;&nbsp; <U>Exposure to credit
risk and allowances</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 39.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 39.25pt; text-align: justify">Below is the exposure to credit risks and
allowances, measured in accordance with IFRS 9 as per BCRA (expected loss model, except for non-financial government sector's financial
assets), as of December 31, 2021 and 2020:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 39.25pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Exposure at default - <BR>
Credit Investment</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;350,586,549</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;52,773,470</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;6,417,419</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;4,127,891</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;3,770,068</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">&nbsp;417,675,397</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inter-stage transfers:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 to stage 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(103,067,488)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">103,221,617</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">154,129</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 2 to stage 1</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;78,808,155</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(74,750,141)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,713,765)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,344,249</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 or 2 to stage 3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,481,724)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(13,079,556)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(225,215)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;14,624,049</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">229,684</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;67,238</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 3 to stage 1 or 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">218,271</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">562,666</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;12,776</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,025,068)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(153,585)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,384,940)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(6,997,844)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(8,096,151)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;5,863,083</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,610,108)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">389,339</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,451,681)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">New originated financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">377,900,264</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;12,191,196</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;4,064,415</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">618,419</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">646,986</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">395,421,280</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(238,907,431)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(17,372,961)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(6,506,735)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,596,660)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(652,300)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(265,036,087)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">274</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,278,113)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(60,190)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,338,028)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;4,508,388</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,340,419</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">780,431</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,665</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">202,368</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;7,833,271</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(128,575,441)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(18,312,120)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,615,783)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,654,836)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,341,092)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(153,499,272)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;332,991,700</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;39,478,713</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;5,076,626</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;6,207,239</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;3,031,278</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;386,785,556</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 39.25pt; text-align: justify">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Exposure at default - <BR>
Credit Investment</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.19</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;344,777,962</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;37,612,105</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;3,570,279</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;7,817,982</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;7,800,313</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">&nbsp;401,578,641</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inter-stage transfers:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 to stage 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(135,610,822)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">136,219,402</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">196,592</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">805,172</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 2 to stage 1</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;88,732,117</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(86,008,558)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(60,786)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,662,773</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 or 2 to stage 3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(940,798)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(8,544,922)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(3,006,467)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;10,887,412</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,084,594</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,479,819</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 3 to stage 1 or 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,130,316</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,143,339</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,136)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,656,501)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(56,709)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(441,691)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(74,157,856)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(13,442,071)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;5,655,441</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,546,866</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,031,558)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(83,429,178)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">New originated financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">559,894,998</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;31,969,229</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,015,984</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">806,635</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;9,509,650</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">604,196,496</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(335,594,630)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(38,025,120)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(977,042)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(7,694,369)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,642,719)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(387,933,880)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;12</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(6,503,338)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,707,846)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(12,211,172)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;12,394,542</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;7,262,834</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">838,819</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;58,580</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,102,979</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;21,657,754</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(110,039,280)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(15,412,780)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,813,265)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,135,376)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,288,636)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(130,689,337)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;350,586,549</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;52,773,470</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;6,417,419</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;4,127,891</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;3,770,068</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;417,675,397</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 39.25pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Exposure at default - <BR>
Contingent</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;86,976,160</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;7,235,777</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">154,068</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">12,767</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;746</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">&nbsp;94,379,518</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inter-stage transfers:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 to stage 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(17,053,375)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;14,945,617</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,107,758)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 2 to stage 1</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;16,601,710</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(14,915,384)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(147,516)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,538,810</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 or 2 to stage 3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(107,443)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(101,189)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(955)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">145,440</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(64,147)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 3 to stage 1 or 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;44,933</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;48,726</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(86,996)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;6,663</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;9,710,341</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,748,657</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">289,990</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(3,860)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(564)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;12,744,564</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">New originated financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;93,818,187</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,788,445</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">153,411</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;12,953</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;95,772,996</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(76,859,379)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,595,208)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(275,211)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(29,568)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(79,759,366)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(141)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(141)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,287,885</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">112,574</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;35,123</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,435,582</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(31,902,435)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,898,143)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(111,522)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(11,888)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(143)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(34,924,131)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;82,516,584</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;6,369,872</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">97,388</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">38,707</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;39</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;89,022,590</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 39.25pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Exposure at default - <BR>
Contingent</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.19</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;92,086,562</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;9,704,316</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">287,646</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">67,210</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;11</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">&nbsp;102,145,745</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inter-stage transfers:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 to stage 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(21,453,425)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;19,951,237</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,502,188)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 2 to stage 1</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;14,939,522</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(13,360,000)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(189)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,579,333</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 or 2 to stage 3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(53,860)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(70,840)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(952)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;70,814</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,251</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(52,587)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 3 to stage 1 or 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;92,935</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;25,714</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;12</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(91,063)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(601)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;26,997</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;7,111,816</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,207,513)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(179,664)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(9,185)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(773)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;5,714,681</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">New originated financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;51,230,563</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;4,768,552</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">149,648</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,506</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;56,152,269</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(31,312,059)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,183,153)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(37,449)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(20,622)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(53)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(41,553,336)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(83)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(9)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(92)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,285,102</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">354,907</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;16,499</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,656,508</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(26,950,996)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,747,443)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(81,483)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(7,810)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(80)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(29,787,812)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;86,976,160</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;7,235,777</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">154,068</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">12,767</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;746</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;94,379,518</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 39.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 39.25pt; text-align: justify">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="background-color: white">
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Credit Investment</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;7,819,028</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;5,536,265</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">604,743</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;3,410,094</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;2,351,983</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">&nbsp;19,722,113</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inter-stage transfers:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 to stage 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(3,822,610)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;11,443,950</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;7,621,340</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 2 to stage 1</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,078,199</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(7,414,524)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(261,280)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,597,605)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 or 2 to stage 3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(133,126)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(4,184,409)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(36,913)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;8,980,351</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;57,171</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;4,683,074</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 3 to stage 1 or 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;17,500</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;73,129</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;8,136</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,347,622)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(78,612)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,327,469)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,044,784)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,789,909)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">590,673</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">999,687</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,329,415</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(3,914,918)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">New originated financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;12,279,049</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,443,064</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">408,042</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">437,835</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">347,557</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;15,915,547</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(8,033,154)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,919,565)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(532,745)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,150,912)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(375,529)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(12,011,905)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(4)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(4,454,171)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(51,595)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(4,505,770)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">129,349</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">123,676</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;61,761</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">884</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">120,462</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">436,132</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,223,521)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,862,554)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(241,417)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,305,998)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(918,759)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(7,552,249)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;3,065,930</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;2,449,119</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">601,000</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;4,570,148</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;2,782,093</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;13,468,290</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="background-color: white">
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Credit Investment</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.19</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;7,620,884</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;3,702,901</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">367,971</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;5,708,216</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;6,115,532</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">&nbsp;23,515,504</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inter-stage transfers:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 to stage 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(4,168,550)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;15,210,426</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;40,455</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;11,082,331</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 2 to stage 1</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,567,855</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(8,660,797)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(7,002)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(6,099,944)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 or 2 to stage 3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(52,683)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,756,171)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(953,832)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;6,391,906</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,582,069</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;4,211,289</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 3 to stage 1 or 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;29,489</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">111,846</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,106)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,553,898)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(57,654)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,472,323)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,420,137)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(238,433)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,233,146</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;5,788,422</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(3,978,107)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">384,891</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">New originated financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;17,861,766</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,847,526</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">217,560</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">481,981</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;9,557,233</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;31,966,066</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(12,054,121)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,043,763)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(118,101)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(6,710,913)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,053,818)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(28,980,716)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,155,271)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,860,293)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(11,015,564)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">616,097</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">754,767</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">122,838</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;50,088</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,074,663</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,618,453</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,181,572)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,392,037)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(296,186)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,590,437)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,027,642)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(6,487,874)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;7,819,028</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;5,536,265</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">604,743</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;3,410,094</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;2,351,983</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;19,722,113</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 7.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 7.1pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Contingent</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;1,479,490</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">542,836</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">24,317</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">11,136</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">1,961</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">&nbsp;2,059,740</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inter-stage transfers:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 to stage 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(394,456)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,198,210</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">803,754</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 2 to stage 1</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">299,189</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,061,679)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(25,104)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(787,594)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 or 2 to stage 3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(3,113)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(18,994)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(18)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;99,681</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;8,765</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;86,321</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 3 to stage 1 or 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,176</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,063</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(65,123)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(60,884)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,123,000)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(158,165)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;38,599</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,313)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,500)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,254,379)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">New originated financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,394,510</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">100,001</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;23,387</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;8,669</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,526,567</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,667,168)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(138,953)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(20,015)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(19,727)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,845,863)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(125)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(125)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;29,859</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;5,628</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,747</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;38,234</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(487,211)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(203,697)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(12,128)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(8,856)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(226)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(712,118)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">529,276</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">268,250</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">31,785</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">24,342</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">853,653</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 7.1pt; text-align: justify">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Contingent</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.19</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;1,101,060</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">687,713</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">23,073</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">49,344</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;312</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">&nbsp;1,861,502</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inter-stage transfers:</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 to stage 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(505,075)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,879,519</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,374,444</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 2 to stage 1</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">409,864</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,181,325)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(385)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(771,846)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 1 or 2 to stage 3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,776)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,958)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,531)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;45,340</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,832</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;33,907</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">From stage 3 to stage 1 or 2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,196</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;82</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(63,552)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,168)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(59,517)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">228,424</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(117,288)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(789)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(4,296)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(103)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">105,948</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">New originated financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,248,839</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">333,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;18,433</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;3,102</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,603,519</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(697,056)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(873,208)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,346)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(13,402)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(242)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,589,254)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(68)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(193)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(261)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;46,022</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;15,936</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,940</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;63,898</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(352,737)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(192,894)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(11,160)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(5,332)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(477)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(562,600)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;1,479,490</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">542,836</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">24,317</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">11,136</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">1,961</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;2,059,740</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 7.1pt; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 42.55pt"><B>Measurement of expected credit loss</B></P>

<P STYLE="font: 1pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">IFRS 9 requires determining the expected
credit loss (ECL) of a financial instrument in a way that reflects an unbiased estimate, the time value of money and a forward-looking
perspective (including the economic forecast).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">Therefore, the recognition and measurement
of ECL is highly complex and involves the use of significant analysis and estimation including formulation and incorporation of forward-looking
economic conditions into ECL.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><I>Risk parameters adjusted by macroeconomic
scenarios </I></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">ECL must include forward-looking macroeconomic
information. The Group uses the credit risk parameters probability of default (PD), loss-given default (LGD) and exposure at default (EAD)
in order to calculate the ECL for the credit portfolios.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">The Group&acute;s methodological approach
in order to incorporate the forward-looking information aims to determine the relation between macroeconomic variables and risk parameters
following three main steps:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.65pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Courier New">&shy;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Step 1: Analysis and transformation
of time series data. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.65pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Courier New">&shy;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Step 2: For each dependent variable,
find conditional forecasting models that are economically consistent. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.65pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Courier New">&shy;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Step 3: Select the best conditional
forecasting model from the set of candidates defined in Step 2, based on their out of sample forecasting performance. </FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 0 0 36pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><I>How economic scenarios are reflected
in calculation of ECL </I></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">Based on economic theory and analysis, the
macroeconomic variables most directly relevant for explaining and forecasting the selected risk parameters are:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.65pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Courier New">&shy;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">The net income of families, corporations
or public administrations. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.65pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Courier New">&shy;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">The payment amounts on outstanding loans&rsquo;
principal and interest. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">The Group approximates these variables by
using a proxy indicator from the set included in the macroeconomic scenarios provided by the economic research department.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">Only a single specific indicator for each
of the two variables can be used, and only core macroeconomic indicators should be selected as first choice: for a) using Real GDP Growth
can be seen as the single sufficient &ldquo;factor&rdquo; required for capturing the influence of all potentially relevant macro-financial
scenario on internal PDs; for b) using the most representative short term interest rate or exchange rates expressed in real terms.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">Real GDP growth is given priority over any
other indicator not only because it is the most comprehensive indicator of income and economic activity, but also because it is the central
variable in the generation of macroeconomic scenarios.</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><I>Multiple scenario approach under IFRS
9 </I></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">IFRS 9 requires calculating an unbiased
probability weighted measurement of ECL by evaluating a range of possible outcomes, including forecasts of future economic conditions.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">The BBVA Research team produces forecasts
of macroeconomic variables under a baseline scenario, which are used in the rest of the related processes of the Group, such as budgeting,
the internal capital adequacy assessment process (ICAAP) and risk appetite framework, stress testing, etc.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">Additionally, the BBVA Research team produces
alternative scenarios to the baseline scenario so as to meet the requirements under the IFRS 9 standard.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><I>Alternative macroeconomic scenarios </I></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">For each of the macroeconomic variables
(GDP or interest rate or exchange rate), the BBVA Research team produces three scenarios.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">Each of these scenarios corresponds to the
expected value of a different area of the probabilistic distribution of the possible projections of the economic variables.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">The approach of the Group consists in using
the scenario that is the most likely scenario, which is the baseline scenario, consistent with the rest of internal processes (ICAAP,
Budgeting) and then applying upside and downside scenarios by taking into account the weighted average of the ECL determined by each of
the scenarios.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">It is important to note that, in general,
it is expected that the effect of the overlay will increase the ECL. It is possible to obtain an overlay that does not have that effect,
whenever the relationship between macro scenarios and losses is linear. However, the overlay is not expected to reduce the ECL.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><U>COVID-19 Impact</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">During the pandemic-related lockdown, the
BCRA and the government issued several communications and decrees, pursuant to which customers within the portfolio of non-related-card
financings benefitted from the deferral of unpaid installments from April 2020 up to the final loan maturity. The measure was lifted in
March 2021, thus deferrals are no longer applied.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">The table below summarizes the loan portfolio
affected by the aforementioned measures and the related impact on contractual cash flows:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Affected Portfolio</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Loss from changes in contractual cash flows</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Balance as of</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Balance as of</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Variation</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Inflationary</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Balance as of</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">effect</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">12/31/2021</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 47%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 9%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">UVA-indexed Mortgage Loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">25,008,737</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;681,039</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: bottom; text-align: right">330,936</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;(283,618)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">728,357</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">UVA-indexed Pledge Loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;511,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;10,718</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: bottom; text-align: right">5,991</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;(4,560)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">12,149</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;691,757</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;336,927</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(288,178)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">740,506</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify; text-indent: -1cm"></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">Concerning credit cards, outstanding balances
as of April 2020 and September 2020 were required to be rescheduled in nine equal and consecutive installments, with a three-month grace
period. The former were due in April 2021, whereas the latter were due in September 2021. The due date deferral did not result in stage
improvements in any case.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 42.55pt; text-align: justify">The parameters of the ECL measurement model
were not affected. Credit quality ratios did not show impairment as a consequence of the aid measures promoted by the national authorities.
Given the pandemic and lockdown scenario, there were no relevant impacts on ECL directly related to COVID 19.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 42.55pt"><B>Refinancing and restructuring agreements </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify"><I>Policies and principles on refinancing and
restructuring agreements </I></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">The Group enters into refinancing and restructuring
agreements with customers who so request in order to help them repay their outstanding loans, if these customers are or expect to be in
financial distress to honor their future loan payments.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">The basic goal of a refinancing and restructuring
agreement is helping customers achieve financial health over time, by adjusting the repayment schedule of their loans borrowed from the
Group to their new cash flow generation capacity. The use of refinancing and restructuring agreements for other purposes, such as deferring
loss recognition, is contrary to the Group's policies.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">The Group's refinancing and restructuring policies
are based on the following general principles:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">A refinancing and restructuring agreement will
be authorized on the basis of the customer's capacity to fulfill the new instalment plan. The first step in doing so is identifying the
root-cause of the financial distress, followed by an analysis of the customer's feasibility, including an updated review of that customer's
financial situation, payment capacity and cash generation ability. If the customer is a business, the analysis will also cover the industry
in which it operates.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">To the extent possible, the Group will try to
secure new guarantees and/or guarantors of demonstrable creditworthiness to provide further support to the agreement. An essential part
of this process is reviewing the effectiveness of the new and original guarantees.</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">This analysis is carried out from the customer's
or the group's overall perspective.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">Generally, refinancing and restructuring agreements
do not increase the amount of a customer's loan, except for the expenses associated to the agreement itself.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">Loan refinancing and restructuring decisions are
not delegated to branches, but are rather made by the pertinent risk units.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">Decisions are periodically reviewed to check whether
they are fully consistent with the applicable refinancing and restructuring policies.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">For retail customers (individuals), the main goal
of the Group's loan refinancing and restructuring policy is preventing a default due to the customer's temporary liquidity problems, by
implementing structural solutions that do not increase the customer's outstanding loan balance. The required solution is customized to
each particular case, offering facilities to repay the loan in accordance with the following criteria:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.65pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Restructuring/refinancing feasibility analysis based on the customer's payment
willingness and capacity, which may be impaired but not nil. Therefore, the customer should at least repay interest on the agreement in
all cases. No agreement may be entered into if that agreement provides a grace period for both principal and interest. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.65pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Loan refinancing and restructuring agreements are only allowed when the
loans were originally subscribed by the Group.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.65pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Customers subject to refinancing and restructuring agreements are excluded
from marketing campaigns of any kind or nature. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">Within the context of a refinancing or restructuring
arrangement, cure period is defined as the 1-year term following the later of:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.65pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The time at which the restructuring measures are to be postponed.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.65pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The time at which the exposure has been classified as defaulted.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.65pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The end of the grace period included in the restructuring agreements. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">In addition, this period may not be shorter than
the period during which the customer has made the material payment.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">During the cure period, financing arrangements
will have assigned a 100% PD and will be classified in Stage 3.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">At the end of the Stage 3 cure period, the contract
refinancing and restructuring will be transferred to Stage 2 for two additional years.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 1cm; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>48.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Restrictions to the payment of dividends </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 36pt; text-align: justify">Pursuant to the provisions in the regulation
in force issued by the BCRA, financial institutions shall annually set aside 20% of the year's profits to increase legal reserves.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 36pt; text-align: justify">Furthermore, pursuant to the requirements
in General Resolution No. 622 issued by the CNV, the Shareholders&rsquo; Meeting considering the financial statements with accumulated
gains shall specifically provide for the allocation thereof.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 36pt; text-align: justify">Specifically, the mechanism to be followed
by financial institutions to assess distributable balances is defined by the BCRA through the regulations in force on the &ldquo;Distribution
of earnings,&rdquo; provided that there are no records of financial assistance from that entity due to illiquidity or shortfalls as regards
minimum capital requirements or minimum cash requirements, and other sort of penalties imposed by specific regulators, which are deemed
to be material, and/or where no corrective measures had been implemented, among other conditions.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 36pt; text-align: justify">It is worth noting that, on September 20,
2017, the BCRA issued Communication &ldquo;A&rdquo; 6327, which provides that financial institutions shall not distribute earnings generated
upon the first-time adoption of IFRS, and shall create a special reserve which may only be reversed for capitalization or to absorb potential
losses of the item &ldquo;Unappropriated retained earnings.&rdquo;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 36pt; text-align: justify">In addition, the Group shall maintain a
minimum capital after the proposed distribution of earnings.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 36pt; text-align: justify">On August 30, 2019 and January 31, 2020,
the BCRA issued Communications &ldquo;A&rdquo; 6768 and &ldquo;A&rdquo; 6886, which set forth that as from August 30, 2019, financial
institutions are required to have the BCRA&rsquo;s authorization to distribute their profits allocated to the payment of dividends.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 36pt; text-align: justify">Finally, since March 19, 2020, by means
of successive extensions, the BCRA has suspended the distribution of profits by financial institutions until December 31, 2021 (Communication
&ldquo;A&rdquo; 7427).</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 36pt; text-align: justify">Since January 1, 2022 and until December
31, 2022, financial institutions are allowed to distribute profits for up to 20% of the amount that would have been applicable had the
current rules been applied. Such distribution shall be made in 12 equal, monthly and consecutive installments, once the BCRA&rsquo;s authorization
has been obtained.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>49.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Restricted assets </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 6pt 1cm; text-align: justify">As of December 31, 2021 and 2020, the Group
has the following restricted assets:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">The Entity applied the following assets as security
for loans agreed under the Global Credit Program for micro, small and medium enterprises granted by the Inter-American Development Bank
(IDB).</FONT></TD></TR></TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 66%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center; width: 18%">12.31.21</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center; width: 16%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Argentine Treasury Bond adjusted by CER. Maturity 2023</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">23,603</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">42,569</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Argentine Treasury Bond adjusted by CER. Maturity 2024</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">111,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">97,357</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">134,603</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">139,926</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 6pt 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">Also, the Entity has accounts, deposits, repo transactions
and trusts applied as guarantee for activities related to credit card transactions, with automated clearing houses, forward transactions,
foreign currency futures, court proceedings and leases in the amount of 20,281,059 and 27,037,952 as of December 31, 2021 and 2020, respectively
(see Note 14). </FONT></TD></TR></TABLE>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 56.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>50.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Deposits guarantee regime </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 6pt 39.25pt; text-align: justify">The Entity is included in the Deposits Guarantee
Fund Insurance System of Law No. 24485, Regulatory Decrees No. 540/95, No. 1292/96, No. 1127/98 and No. 30/18 and Communication &ldquo;A&rdquo;
5943 issued by the BCRA.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 6pt 39.25pt; text-align: justify">That law provided for the incorporation
of the company &ldquo;Seguros de Dep&oacute;sitos Sociedad An&oacute;nima&rdquo; (SEDESA) for the purpose of managing the Deposits Guarantee
Fund (DGF), the shareholders of which, pursuant to the changes introduced by Decree No. 1292/96, will be the BCRA with at least one share
and the trustees of the trust with financial institutions in the proportion determined by the BCRA for each, based on their contributions
to the DGF.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 39.25pt; text-align: justify">In August 1995, that company was incorporated,
and the Entity has an 8.1960% share of the corporate stock as of December 31, 2021 (BCRA Communication &ldquo;B&rdquo; 12152).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 39.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 39.25pt; text-align: justify">The Deposits Guarantee Insurance System, which
is limited, mandatory and for valuable consideration, has been created for the purpose of covering bank deposit risks in addition to the
deposits privileges and protection system set forth by the Financial Institutions Law.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 39.25pt; text-align: justify">The guarantee covers the refund of the principal
paid plus interest accrued up to the date of revocation of the authorization to operate or until the date of suspension of the entity
by application of Section 49 of the Articles of Organization of the BCRA, if this measure had been adopted previously, without exceeding
the amount of four hundred and fifty thousand pesos. For transactions in the name of two or more people, the guarantee shall be distributed
on a pro-rata basis among them. In no case shall the total guarantee per person exceed the aforementioned amount, regardless of the number
of accounts and/or deposits.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 39.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 39.25pt; text-align: justify">In addition, it is set forth that financial
institutions shall monthly contribute to the DGF an amount equivalent to 0.015% of the monthly average of daily balances of the items
listed in the related regulations.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 57.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 7pt 6pt 39.2pt; text-align: justify">As of December 31, 2021 and 2020, the
contributions to the Fund have been recorded in the item &ldquo;Other operating expenses - Contributions to the deposits guarantee fund&rdquo;
in the amounts of 1,126,106 and 1,051,597, respectively.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 39.25pt; text-align: justify">On February 28, 2019, the Argentine Central
Bank issued Communication &ldquo;A&rdquo; 6654 setting forth an increase in the guarantee from 450,000 pesos to 1,000,000 pesos, effective
March 1, 2019. Furthermore, on April 16, 2020, the Argentine Central Bank issued Communication &ldquo;A&rdquo; 6973 whereby it increased
such amount to 1,500,000 pesos, effective May 1, 2020.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 39.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>51.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Minimum cash and minimum capital requirements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 42.55pt"><B>51.1 Minimum cash requirements</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 42.55pt; text-align: justify">The BCRA establishes different prudential
regulations to be observed by financial institutions, mainly regarding solvency levels, liquidity and credit assistance levels.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 42.55pt; text-align: justify">Minimum cash regulations set forth an obligation
to keep liquid assets in relation to deposits and other obligations recorded for each period. The items included for the purpose of meeting
that requirement are detailed below:</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 35.45pt">&nbsp;</P>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: bottom; width: 62%">Items</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 16%">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 16%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">Balances at the BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;BCRA &ndash; current account &ndash; not restricted</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141,859,808</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129,727,266</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;BCRA &ndash; special guarantee accounts &ndash; restricted (Note 11)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,297,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,873,561</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149,157,488</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136,600,827</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Argentine Treasury Bond in pesos at 22% fixed rate. Maturity May 2022</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,855,036</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Liquidity Bills &ndash; BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107,693,328</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135,674,610</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279,416,301</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294,130,473</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 35.45pt">The balances disclosed are consistent with those reported
by the Bank.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 42.55pt"><B>51.2 Minimum capital requirements</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 42.55pt">The regulatory breakdown of minimum capitals is as follows at
the above-mentioned date:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: bottom; width: 62%">Minimum capital requirements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 16%">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 16%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Credit risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40,382,290</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,050,276</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Operational risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,672,840</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,220,312</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Market risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225,789</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366,106</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Paid-in</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138,878,380</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134,895,335</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Surplus</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83,597,461</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78,258,641</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 39.25pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>52.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Compliance with the provisions of the Argentine Securities Commission &ndash; minimum shareholders&rsquo;
equity and cash contra-account</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">According to CNV&rsquo;s General Resolution
No. 622/13, as amended by CNV&rsquo;s General Resolution No. 821/19, the minimum shareholders&rsquo; equity required to operate as &ldquo;Settlement
and Clearing Agent - Comprehensive&rdquo; shall be equal to 470,350 UVAs adjusted by CER, Law No. 25827. As concerns the cash contra-account,
the amount to be paid shall be equal to no less than fifty per cent (50%) of minimum shareholders' equity.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">The cash contra-account amount includes Argentine
Treasury Bonds in pesos adjusted by CER due 2024 as of December 31, 2021 deposited with the account opened at Caja de Valores S.A., named
&ldquo;Depositor 1647 Brokerage Account 5446483 BBVA Banco Franc&eacute;s minimum cash contra-account.&rdquo; As of December 31, 2021
and 2020, the Bank&rsquo;s Shareholders&rsquo; Equity exceeds the minimum amount imposed by the CNV.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">Furthermore, pursuant to the requirements
of General Resolution No. 792 issued by the CNV on April 30, 2019, and effective as of the end of fiscal year ended December 31, 2019,
mutual fund management companies&rsquo; minimum shareholders&rsquo; equity will be comprised of 150,000 UVAs plus 20,000 UVAs, per each
additional mutual fund under management. As concerns the cash contra-account, the amount to be paid shall be equal to no less than fifty
per cent (50%) of minimum shareholders' equity.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">The subsidiary BBVA Asset Management Argentina
S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n, as Mutual Funds Management Agent, met the CNV minimum cash contra-account
requirements with 2,792,293 shares of FBA Renta Pesos Fondo Com&uacute;n de Inversi&oacute;n, in the amount of 61,640, through custody
account No. 493-0005459481 held at BBVA Banco Franc&eacute;s S.A. As of December 31, 2021 and 2020, the company's Shareholders&rsquo;
Equity exceeds the minimum amount imposed by the CNV.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>53.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Compliance with the provisions of the Argentine Securities Commission
&ndash; Documentation </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">The CNV issued General Resolution No. 629
on August 14, 2014 to introduce changes to its own rules governing the maintenance and safekeeping of corporate books, accounting records
and business documentation. In this respect, it is reported that the Bank has delivered the documentation that supports its operations
for the periods still open to audit for safekeeping in Administradora de Archivos S.A. (AdeA), domiciled at Ruta 36 Km. 31.5, district
of Florencio Varela, Province of Buenos Aires.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">In addition, it is informed that a detail
of the documentation delivered for safekeeping, as well as the documentation referred to in Art. 5. a.3), Section I of Chapter V of Title
II of the CNV rules is available at the Bank&rsquo;s registered office (2013 consolidated text and amendments).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>54.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Trust activities </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">On January 5, 2001, the Board of Directors
of BCRA issued Resolution No. 19/2001, providing for the exclusion of Mercobank S.A.&rsquo;s senior liabilities under the terms of section
35 <I>bis</I> of the Financial Institutions Law, the authorization to transfer the excluded assets to the Bank as a trustee of the Diagonal
Trust, and the authorization to transfer the excluded liabilities to beneficiary banks. On the same date, Mercobank S.A., as Settler,
and the Bank, as Trustee, entered into the agreement to set up the Diagonal Trust in relation to the exclusion of assets as provided in
the above-mentioned resolution. As of December 31, 2021 and 2020, the assets of Diagonal Trust amount to 2,427 and 3,664, respectively,
considering their recoverable values.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">In addition, the Entity, in its capacity as
Trustee in the Corp Banca Trust, recorded the selected assets on account of the redemption in kind of participation certificates in the
amount of 4,177 and 6,305 as of December 31, 2021 and 2020, respectively.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">In addition, the Entity acts as a Trustee
in 12 non-financial trusts, in no case as personally liable for the liabilities assumed in the performance of the contract obligations.
Such liabilities will be settled with and up to the full amount of the trust assets and the proceeds therefrom. The non-financial trusts
concerned were set up to manage assets and/or secure the receivables of several creditors (beneficiaries) and the trustee was entrusted
with the management, care, preservation and custody of the corpus assets until (i) noncompliance with the obligations by the debtor (settler)
vis-a-vis the creditors (beneficiaries) is verified, when such assets are sold and the proceeds therefrom are distributed (net of expenses)
among all beneficiaries, the remainder (if any) shall be delivered to the settler, or (ii) all contract terms and conditions are complied
with, in which case all the trust assets will be returned to the settler or to whom it may indicate. The trust assets totaled 398,702
and 538,618 as of December 31, 2021 and 2020, respectively, and consist of cash, creditors' rights, real estate and shares.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>55.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Mutual funds </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">As of December 31, 2021 and 2020, the Entity
holds in custody, as Custodian Agent of Mutual Funds managed by BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes
de Inversi&oacute;n, time deposit certificates, shares, corporate bonds, government securities, mutual funds, deferred payment checks,
BCRA instruments, Buenos Aires City Government Bills, ADRS, Buenos Aires Province Government Bills and repos for 88,088,637 and 42,632,242,
which are part of the mutual fund portfolio and are recorded in debit balance memorandum accounts &ldquo;Control &ndash; Other.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">The Mutual Fund assets are as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 53%">Mutual Fund</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 19%">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 23%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">FBA Renta Pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175,774,867</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144,710,759</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">FBA Renta Fija Plus</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,660,729</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657,044</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">FBA Ahorro Pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,045,083</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,218,939</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">FBA Calificado</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;908,946</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;846,482</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">FBA Bonos Argentina</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;788,443</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391,437</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">FBA Acciones Argentinas</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718,051</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710,078</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">FBA Acciones Latinoamericanas</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527,456</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671,237</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">FBA Horizonte</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368,962</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;962,470</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">FBA Renta Mixta</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291,647</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89,475</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">FBA Bonos Globales</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118,674</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303,773</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">FBA Gesti&oacute;n I</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,101</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,421</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">FBA Renta P&uacute;blica I</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,615</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,451</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">FBA Horizonte Plus</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,183</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,133</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">FBA Retorno Total I</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,128</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,815</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">FBA Renta Fija Local</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,077</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,451</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">FBA Renta Fija D&oacute;lar Plus</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209,658</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199,306,962</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150,906,623</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/13pt Times New Roman,serif; margin: 0 0 6pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13pt Times New Roman,serif; margin: 0 0 6pt 42.55pt; text-align: justify">The subsidiary BBVA Asset Management Argentina
S.A.U. acts as a mutual fund manager, authorized by the CNV, which registered that company as a mutual fund management agent under No.
3 under Provision 2002 issued by the CNV on August 7, 2014.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-size: 10pt"><B>56.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Penalties and administrative proceedings instituted by the BCRA</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">According to the requirements of Communication
&ldquo;A&rdquo; 5689, as amended, issued by the BCRA, below is a detail of the administrative and/or disciplinary penalties as well as
the judgments issued by courts of original jurisdiction in criminal matters, enforced or brought by the BCRA of which the Entity has been
notified:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify"><B>Administrative proceedings commenced by
the BCRA</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>&ldquo;Banco Franc&eacute;s S.A. over breach of Law 19359.&rdquo;
</B>Administrative Proceedings for Foreign Exchange Offense initiated by the BCRA, notified on February 22, 2008 and identified under
No. 3511, File No. 100194/05, on grounds of a breach of the Criminal Foreign Exchange Regime as a result of the purchase and sale of US
Dollars through the BCRA in excess of the authorized amounts. They totaled 44 transactions involving the Bank's branches 099, 342, 999
and 320. The individuals/entities subject to these proceedings were Banco BBVA Argentina S.A. and the following Bank officers who served
in the capacities described below at the date when the breaches were committed: (i) two Territory Managers, (ii) four Branch Managers,
(iii) four Heads of Back-Office Management and (iv) twelve cashiers. On August 21, 2014, the court acquitted the individuals/entities
above from all charges. The General Attorney&rsquo;s Office filed an appeal and Room A of the Appellate Court with jurisdiction over Criminal
and Economic Matters confirmed the Bank&rsquo;s and the involved officers&rsquo; acquittal from all charges. The General Attorney&rsquo;s
Office filed an Extraordinary Appeal, which was granted and as of the date of these financial statements is being heard by the Supreme
Court of Justice. The case has been called for resolution.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>&ldquo;Banco Franc&eacute;s S.A. over breach of Law 19359.&rdquo;
</B>Administrative Proceedings for Foreign Exchange Offense initiated by the BCRA, notified on December 1, 2010 and identified under No.
4539, File No. 18398/05 where charges focus on fake foreign exchange transactions, through false statements upon processing thereof, carried
out by personnel from five branches in Mar del Plata, which would entail failure to comply with the costumer identification requirements
imposed by foreign exchange rules and regulations through Communication &ldquo;A&rdquo; 3471, paragraph 6. The individuals/entities subject
to these proceedings were Banco BBVA Argentina S.A., the five regular members of the Board of Directors and the following Bank officers
who served in the capacities described below at the date when the breaches were committed: (i) the Retail Bank
Manager, (ii) the Territory Manager, (iii) the Area Manager, (iv) a commercial aide to the Area Manager, (v) five Branch Managers, (vi)
four Heads of Back-Office Management, (vii) five Main Cashiers and (viii) one cashier. To date, the case is being heard by Federal Court
No. 3, Criminal Division of the City of Mar del Plata, under File No. 16377/2016. On June 21, 2017, the court sought to obtain further
evidence on its own initiative ordering that an official letter should be sent to the BCRA for it to ascertain if the rules governing
the charges brought in the Case File No. 18398/05 Proceedings No. 4539 have been subject to any change. The BCRA answered the request
from the Court, stating that noncompliance with the provisions of Communication &ldquo;A&rdquo; 3471 would not currently be subject to
any change that may imply a lesser offense. On September 30, 2019, the court of original jurisdiction rendered judgment against the Bank
for its involvement in the transaction imposing a fine of US$&nbsp;592,000, while imposing fines to the individuals involved for the aggregate
amount of US$&nbsp;518,766 and Euro&nbsp;48,500. The Bank is jointly
and severally liable for the aforementioned fines. The Bank's Directors Jorge Carlos Bledel, Javier D. Ornella, Marcelo Canestri and Oscar
Castro and Territory Managers Oscar Fantacone and Jorge Allen were acquitted from all charges. An appeal was filed on behalf of Banco
BBVA Argentina S.A. and its employees asking for the reversal of the decision or otherwise significant reductions of the amounts involved.
On August 24, 2021, the Federal Appellate Court of Mar de Plata resolved to declare the action extinguished based on the grounds of violation
of the reasonable term and consequently acquit Banco BBVA Argentina S.A., Pablo Bistacco, Graciela Alonso, N&eacute;stor O. Baquer, Hugo
Benzan, Mariela Espinosa, Jorge Fioritti, Liliana Paz, Alberto Gim&eacute;nez, Jorge Elizalde, Elizabeth Mosquera, Carlos Barcellini,
Carlos O. Alfonzo, Samuel Alanis, Juli&aacute;n Gabriel Burgos, for the facts that were condemned in the present case for violation of
Law No. 19.359, and the relevant regulations. In view of this ruling, the Federal Prosecutor filed an extraordinary federal appeal.</FONT></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>&ldquo;BBVA Banco Franc&eacute;s S.A. over breach of Law 19359&quot;.
</B>Administrative Proceedings for Foreign Exchange Offense initiated by the BCRA, notified on July 26, 2013 and identified under No.
5406, File No. 100443/12 where charges are concerned with fake foreign exchange transactions through false statements upon processing
thereof incurred by personnel in Branch 087 - Salta -, which would entail a failure to comply with the costumer identification requirements
imposed by foreign exchange rules and regulations through Communication &ldquo;A&rdquo; 3471, Paragraph 6. The individuals/entities subject
to these proceedings were Banco BBVA Argentina S.A. and the following Bank officers who served in the capacities described below at the
date when the breaches were committed: (i) the Branch Manager (ii) the Back Office Management Head, (iii) the Main Cashier and (iv) two
cashiers. The trial period came to a close and the BCRA must send the file to Salta&rsquo;s Federal Court. As of the date hereof, the
case file has not been sent to court.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>&ldquo;BBVA Banco Franc&eacute;s S.A. over breach of Law 19359&quot;.
</B>Administrative Proceedings for Foreign Exchange Offense initiated by the BCRA, notified on December 23, 2015 and identified under
No. 6684, File No. 100068/13. The proceedings were brought for allegedly having completed operations under Code 631 &ldquo;Professional
and technical business services&rdquo; for ROCA ARGENTINA S.A. against the applicable exchange regulations (Communications &ldquo;A&rdquo;
3471, &ldquo;A&rdquo; 3826 and &ldquo;A&rdquo; 5264), involving the incomplete verification of the services provided. The individuals/entities
subject to these proceedings were Banco BBVA Argentina S.A. and two Bank officers holding the positions described below at the date when
the breaches were committed: (i) the Foreign Trade Manager and (ii) an officer of the Area. The BCRA has decided that the trial period
has come to an end. The case is being heard by Federal Court No. 2, Criminal Division of Lomas de Zamora, Province of Buenos Aires, under
File No. 39130/2017. On October 26, 2017, the Entity filed a request for retroactive application of the most favorable criminal law, as
through Communication &ldquo;A&rdquo; 5264, whereby the restriction on foreign trade transactions was removed, the payment of services
abroad was reinstated.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">&quot;<B>BBVA Banco Franc&eacute;s S.A. over breach of Law 19359</B>&quot;.
Administrative proceedings for Foreign Exchange Offense initiated by the B.C.R.A. notified on March 15, 2021 and identified under No.
7545, file No. 381/22/21. The charge consists of the alleged breach of Communication &quot;A&quot; 6770, corresponding to transactions
carried out by the companies MULTIPOINT S.A. and TELECENTRO S.A. (i) Multipoint S.A. challenges transactions for a total amount of US$
800,000, alleging the alleged breach of Communication &quot;A&quot; 6770, paragraph 11, when three exchange transactions were carried
out under concept code P8 (Other financial loans) in order to pre-cancel a financial loan from a loan agreement entered into on April
5, 2019 whose original maturity date was April 5, 2021. The latter included an addendum executed on October 18, 2019
modifying the third clause of the aforementioned loan agreement and setting the payment date of the principal on October 18, 2019. According
to the B.C.R.A., this would be an early cancellation in breach of the aforementioned rule. (ii) TELECENTRO S.A. challenges a transaction
for the amount of US$ 185,724, alleging the alleged breach of Communication &quot;A&quot; 6770, paragraph 12, when a transaction was carried
out under concept code B07 (payments in view of imports of goods) was carried out, which pre-paid on October 24, 2019, a commercial debt
arising from two invoices that had payment date on October 29, 2019. The individuals/entities subject to these proceedings were Banco
BBVA Argentina S.A. and two Bank officers who held the positions described below as of the date of the alleged facts: (i) the Foreign
Trade Manager and (ii) an officer of the Area. The relevant answers to the charges were filed.</FONT></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Banco BBVA ARGENTINA S.A. Financial summary proceedings initiated
by the B.C.R.A</B>. Notified on June 24, 2021 and identified under No. 1587, file No. 188/55/21. The charge consists of the alleged breach
of paragraph 7.2 of Communication &quot;A&quot; 6981 by assisting (without prior approval of the BCRA) Cargill S.A. through a checking
account overdraft amounting to $ 167 million from April 29, 2020 to May 3, 2020, since as it had bonds taken as of April 22, 2020, it
should have waited 90 calendar days without executing repo transactions and/or surety bonds, before being assisted. Likewise, during May
and June 2020, Cargill&rsquo;s checking account disclosed credit balances, which were generally covered at the end of the day. In this
regard, it should be noted that Banco BBVA Argentina S.A. violated paragraph 7.2 of the revised text of the rules on &quot;Credit Policy&quot;,
which strictly includes the restriction on the granting of intraday (within the same day) assistance. The individuals/entities subject
to these proceedings were Banco BBVA Argentina S.A. (30-50000319-3). (30-50000319-3); Mar&iacute;a Isabel Goiri Lartitegui; Jorge Delf&iacute;n
Luna; Alfredo Castillo Triguero; Juan Manuel Ballesteros Castellano; Oscar Miguel Castro; Gabriel Eugenio Milstein; Adriana Mar&iacute;a
Fernandez De Melero; Jos&eacute; Santiago Fornieles; Dar&iacute;o Javier Berkman; Carlos Eduardo Elizalde and Nicol&aacute;s Herbert Bohtligk.
The relevant answers to the charges were filed on August 4, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">The Group and its legal advisors estimate
that a reasonable interpretation of the applicable regulations in force was made and do not expect an adverse financial impact from these
cases.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-size: 10pt"><B>57.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Capital management and corporate governance transparency policy</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>I.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Board of Directors</B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 39.25pt; text-align: justify">According to BBVA Argentina S.A.'s bylaws,
the Entity shall be managed by a Board of Directors composed of a minimum of three and a maximum of nine directors, as set forth by the
Annual Shareholders&rsquo; Meeting at each time, for a term of three years, with the option for reelection. The Shareholders&rsquo; Meeting
may also appoint an equal or lower number of alternate directors. The Board of Directors shall meet at least once a month.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 39.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 39.25pt; text-align: justify">The composition of the Board of Directors
shall be previously submitted to evaluation by the Nomination and Remuneration Committee.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 39.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 39.25pt; text-align: justify">Below is a list of the members of the Board
of Directors, their current position in the Entity and their business experience.</P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom">
    <TD>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-indent: 0.35pt">Name</P></TD>
    <TD COLSPAN="2" STYLE="padding-left: 2.85pt; font-family: Palatino,serif; text-indent: 0.35pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Position</FONT></TD>
    <TD STYLE="padding-left: 2.85pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Background and work history</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; padding-left: 2.85pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid">
&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; padding-left: 2.85pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 71%; border-bottom: Black 1pt solid; padding-left: 2.85pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Mar&iacute;a Isabel Goiri Lartitegui</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Chairwoman </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify"><U>Business experience</U>: Member of the Board
    of Directors at Gescobro S.A. and Divarian S.A., and Member of the Board of Directors and Vice-chairwoman at BBVA Uruguay S.A. Chief Risk
    Officer at Garanti Bank, Turkey. Chief Corporate Risk Management Officer at BBVA in Madrid, Chief Financial Officer at BBVA Compass, Birmingham,
    USA, Chief Investor Relations Officer at BBVA in Madrid, and Chief Investment Officer of BBVA Asset Management at BBVA, Madrid.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Not an independent director pursuant to the
    terms of General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Jorge Delf&iacute;n Luna</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">1st Vice-chairman</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify"><U>Business experience</U>: Regular Director
    at Rombo Compa&ntilde;&iacute;a Financiera S.A.; Regular Director at PSA Finance Argentina Compa&ntilde;&iacute;a Financiera S.A.; Board
    of Directors' Vice-chairman at Banco Franc&eacute;s Foundation; Commercial Banking Director at BBVA Argentina S.A.; Member of the Management
    Committee at BBVA Argentina S.A.; Regional Manager at Citibank; Regional Manager at former Banco Cr&eacute;dito Argentino; General Manager
    at Easy Bank; General Manager and Vice-chairman at BBVA Uruguay; Chief Corporate Banking and Foreign Trade Officer at BBVA Argentina S.A;
    Chief Commercial Officer at BBVA Argentina S.A.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Not an independent director pursuant to the
    terms of General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Alfredo Castillo Triguero</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">2nd Vice-Chairman</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0 2.85pt 0 0; text-align: justify"><U>Business experience</U>: Chief Risk Officer and
    Chief Audit Officer at BBVA Bancomer; Executive Vice-chairman, Financial Area, at BBVA Banco Provincial de Venezuela; Member of the Boards
    of Directors at several companies of the Financial Group BBVA Bancomer and BBVA Colombia; Executive Vice-chairman of the Financial Area
    at BBVA Banco Ganadero de Colombia.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Independent director pursuant to the terms
    of General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">Gabriel Eugenio Milstein</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Regular Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify"><U>Business experience</U>: Regular Director,
    PSA Finance Argentina Compa&ntilde;&iacute;a Financiera S.A.; Regular Director, Rombo Compa&ntilde;&iacute;a Financiera S.A.; Alternate
    Director, Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A.; Member of Banco Franc&eacute;s Foundation; Director of
    Media and Director of Human Resources and Services, Banco BBVA Argentina S.A.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Not an independent director pursuant to the
    terms of General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">Adriana<BR>
    Mar&iacute;a Fern&aacute;ndez de Melero</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Regular Director</FONT></TD>
    <TD>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify"><U>Business experience</U>: Structures and
    Productivity Manager at Banco BBVA Argentina S.A; HR Development &amp; Planning Manager at Banco Cr&eacute;dito Argentino; HR Administration
    Manager at BBVA Argentina S.A; Organization and Productivity Manager at BBVA Argentina S.A; Business and Channel Development Manager at
    BBVA Argentina S.A; Chief Corporate Development and Transformation Officer at BBVA Argentina S.A; Member of the Management Committee at
    BBVA Argentina S.A; Advisor to the Chair and Board of Director at Banco Provincia de Buenos Aires.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Independent director pursuant to the terms
    of General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Palatino,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Ernesto Mario San Gil</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Regular Director</FONT></TD>
    <TD STYLE="width: 71%; border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Business experience: Independent Director and
    Member of the Audit Committee of Ternium Argentina S.A. (former Siderar S.A.); Ad honorem Member of the Strategic Board of the Ministry
    of Modernization of Argentina; Director of IDEA; Different positions at EY Argentina (former Ernst &amp; Young and former Arthur Andersen)
    among others, Chief Strategy Officer (CSO), President and CEO, Member of the Executive Committee of the EY South America region, Partner
    in charge of Transactions, partner specialized in Financial Institutions.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Independent director pursuant to the terms
    of General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Gustavo Alberto Mazzolini Casas</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Regular Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify"><U>Business experience</U>: Director of Financial
    Institutions, Ernst &amp; Young; Financial Director, Corp Banca Argentina; Financial Planning Director, Credilogros Compa&ntilde;&iacute;a
    Financiera; Head of Countries II - Financial Directors Coordination Latam, Banca Am&eacute;rica; Head of Financial Directors Coordination
    Department Latam, Banca Am&eacute;rica; Financial Director, Banco Provincial; Director of Strategy and Finance Lobs and AdS, BBVA Group;
    Financial Staff Country Monitoring, BBVA Group; CFO AdS, BBVA Group.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Not an independent director pursuant to the
    terms of General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Javier P&eacute;rez Cardete</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Alternate Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify"><U>Business experience</U>: South and East
    Territory Director, Banco Bilbao Vizcaya Argentaria; Area Director, Banco Bilbao Vizcaya Argentaria; Risks Head in Valencia.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Independent director pursuant to the terms
    of General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 12pt Palatino,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">Gabriel Alberto Chauf&aacute;n</P>
    <P STYLE="font: 12pt Palatino,serif; margin: 0pt 0 12pt">&nbsp;</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">&nbsp;</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Alternate Director</FONT></TD>
    <TD>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify"><U>Business experience</U>: Chairman at BBVA
    Seguros Argentina S.A. and Regular Director at BBVA Uruguay S.A., Chairman of AVIRA; Member of the Management Committee at BBVA; Chairman
    and General Manager at Consolidar ART, Consolidar Seguros, Consolidar Salud, Consolidar Retiro and Consolidar AFJP (the latter undergoing
    liquidation proceedings). Manager of the Pension and Insurance Business; Head of the Pension Business and all insurance lines (Life, P&amp;C,
    Life Annuities, Health), and Underwriting Manager for the Group.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">Not an independent director pursuant to the
    terms of General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 2.85pt 12pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1cm"></TD><TD STYLE="width: 1cm"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>II.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Senior Management</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">Senior Management is made up of the General
Manager and by those executive officers who have decision-making powers and who report directly to the General Manager, or the Chairman
of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">The officers in Senior Management positions
must have the skills and experience required by the financial industry to run the business with which they are entrusted and to oversee
as appropriate the personnel in the different areas.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1cm"></TD><TD STYLE="width: 1cm"><B>III.Management</B></TD><TD STYLE="text-align: justify"><B>Committee - Members</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">The main members of Senior Management make
up the Management Committee. The Committee is chaired by the General Manager who shall be replaced, in case of absence or disability,
by the Director of the Financial and Planning Area.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">Prospective management committee members
shall first be evaluated by the Nomination and Remuneration Committee for subsequent consideration by the Board.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt; text-align: justify; text-indent: 42.55pt"><B>Powers</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 6pt 42.55pt; text-align: justify">The Management Committee shall have the
following powers, and, when appropriate, it shall be required to submit matters to consideration by the Board for final decision.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Implement the
strategies and policies approved by the Board. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Evaluate and
propose business and investment strategies and general risk policies. For such purpose, it shall annually approve the Business Plan and
the Financial Program.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Develop the processes
necessary to identify, assess, monitor and mitigate the risks to which the Bank is exposed. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Implement appropriate
internal control systems and monitor their effectiveness, periodically reporting to the Board on the attainment of objectives. Accordingly,
the Internal Control and Operational Risk Reports shall be approved</FONT><FONT STYLE="font-family: Tahoma,sans-serif; font-size: 11pt">.
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Establish business
synergies with the remaining Group companies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Analyze and propose
the year&rsquo;s comprehensive budget, monitor changes and determine any corrective actions as called for by internal and market variables.
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Propose the delegation
of powers to the Bank&rsquo;s officers. Supervise the managers in the various areas to make sure that they comply with the policies and
procedures set forth by the Board.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Evaluate and
propose Entity-wide policies, strategies and guidelines and then oversee and follow up the model implementation. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">Decisions of the Management Committee shall
be made by a majority of the members present.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">Below is a detail of the members of the Management
Committee, as well as their business background. The main executives are appointed for an indefinite term.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 12%">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-indent: 0.35pt">Name</P></TD>
    <TD STYLE="width: 17%; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Position</FONT></TD>
    <TD STYLE="width: 71%; padding-left: 2.85pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Background and work history</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 1cm">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">Mart&iacute;n Ezequiel Zarich</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">General Manager</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify"><U>Business experience</U>: Alternate Director, BBVA Argentina
    S.A.; Regular Director, BBVA Seguros Argentina SA.; Regular Director, BBVA Franc&eacute;s Valores S.A., Member of the Board of Directors,
    Banco Franc&eacute;s Foundation; Innovation and Development Director, BBVA Argentina S.A.; Director of Mergers, BBVA Argentina S.A.; Planning
    Director, BBVA Argentina S.A.; Financial Director, BBVA Argentina S.A.; Retail Banking Director, BBVA Argentina S.A.; Director, Credilogros;
    Director, BBVA Franc&eacute;s Uruguay; Associate Managing Director, Commercial Development, BBVA Group; Deputy Managing Director, Business
    Development, BBVA Group; Economist, Banco de Cr&eacute;dito Argentino; Management and Budget Control Manager, Banco de Cr&eacute;dito
    Argentino; Planning, Management Control and Economics Director, Banco de Cr&eacute;dito Argentino.</P>
    <P STYLE="font: 12pt Palatino,serif; margin: 0 4.7pt 0 0; text-align: justify; text-indent: -0.15pt">&nbsp;</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: -0.15pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">Ernesto R. Gallardo Jimenez</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Director of Finance </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify"><U>Business experience</U>: Director of Financial Management,
    BBVA Bancomer; Director, COAP Am&eacute;rica; Global Director of Fixed Income for Assets Management Companies, Banco Santander; Fixed
    Income and Arbitrations Director, Soci&eacute;t&eacute; G&eacute;n&eacute;rale; Derivatives Director, Capital Markets Sociedad de Valores
    y Bolsa.</P>
    <P STYLE="font: 12pt Palatino,serif; margin: 0 2.85pt 0 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Juan Christian Kindt</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Business Development Director</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0 2.85pt 0 0; text-align: justify"><U>Business experience</U>: Business Execution Manager;
    Segment and Business Manager; Manager of Business Channels, Telemarketing and Customer Service; Financing and Spending Manager within
    Commercial Banking; Area Manager of Southern Metropolitan area; Territory Area Manager of Buenos Aires; Manager of Comodoro Rivadavia
    Branch, all positions at BBVA.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-family: Palatino,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 81%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Palatino,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Gustavo Osvaldo Fern&aacute;ndez</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Talent &amp; Culture Director </FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 74%; border-top: Black 1pt solid; border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify"><U>Business experience</U>: Director of Technology
    and Operations, BBVA; Coordinator, Systems &amp; Organizations, Banca Nazionale del Lavoro; Systems Coordinator, Banco Galicia; System
    Organization and Development Manager, Banco de Cr&eacute;dito Argentino; Design and Development Manager, BBVA Argentina S.A.; Media Director,
    BBVA Argentina S.A.; Director of Design and Development for the Americas, BBVA; Business Partner for the Americas, BBVA.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Carlos Elizalde</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Corporate &amp; Investment Banking Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify"><U>Business experience</U>: Regional Director for
    Global Transaction Banking LATAM, BBVA; General Manager, AL-Rajhi Bank; Independent Advisor, Riyadh/ Buenos Aires; General Director, Citigroup
    Miami; Regional Head for Latin America, Citigroup Miami; Head of Regional Sales, Citigroup Buenos Aires.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Leandro &Aacute;lvarez&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">Engineering and Data I Director</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><U>Business experience</U>: Head of Solutions Development in the Business Development Department at Banco BBVA Argentina S.A.; Deputy Manager of Channels &amp; Application Architecture at Banco BBVA Argentina S.A.; Regional Manager for Latin America of the technological replacement of the systems of the offices of the banks where BBVA has been present (BBVA Aplica SA); Deputy Manager of Channels and Markets at BBVA Franc&eacute;s.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Gerardo Fiandrino</FONT></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">Risks</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">Director</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0 2.85pt 0 0; text-align: justify"><U>Business experience</U>: Retail Banking Director
    for South America, BBVA; Director of Wholesale Banking for South America, BBVA; Retail Risk Manager, BBVA Argentina S.A.; Wholesale and
    Enterprise Risk Manager, BBVA Argentina S.A.; Admission and Follow-up Manager, BBVA Argentina S.A.; Monitoring and Operation Risk Manager,
    BBVA Argentina S.A.; Director, Rombo Compa&ntilde;&iacute;a Financiera S.A.; Director, PSA Finance Argentina Compa&ntilde;&iacute;a Financiera
    S.A.; Portfolio Monitoring Manager, Banco de Cr&eacute;dito Argentino. Investment Banking Senior Officer, Banco de Cr&eacute;dito Argentino.</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0 2.85pt 0 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Pablo Hern&aacute;n Jord&aacute;n </FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">Commercial Director</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><U>Business experience</U>: Business Coordination Manager, North Territory Director, Capital Commercial Manager, Litoral Commercial Manager, Retail Banking Territory Assistant Manager, Central Office Manager, Downtown Branch Manager, Coronel D&iacute;az Branch Manager, Territory Commercial Assistant, VIP Banking Officer and Business Executive, all positions at BBVA Argentina.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Eduardo Gonz&aacute;lez Correas&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">Legal Services Director</P>
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><U>Business experience</U>: Legal Manager of Banking Business and Corporate &amp; Investment Banking, BBVA Argentina S.A.; Deputy Legal Manager of Corporate &amp; Investment Banking, BBVA Argentina S.A.; Lawyer at the Legal Sub-Management of Corporate &amp; Investment Banking, BBVA Argentina S.A.; Lawyer at Allende &amp; Brea Law Firm; Lawyer at P&eacute;rez Alati, Grondona, Benites, Arntsen &amp; Martinez de Hoz (Jr.) Law Firm.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>IV.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Basic ownership structure of Banco BBVA Argentina S.A.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 39.25pt; text-align: justify">The following table sets forth certain information
regarding the beneficial ownership of the Entity's common shares as of December 31, 2021, by each entity that, to the best of our knowledge,
owns more than 5% of our common shares. These entities do not have different voting rights.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.85pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Common shares as of December
    31, 2021</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 53%">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; border-bottom: Black 0.5pt solid"><B>Shareholder</B></P></TD>
    <TD STYLE="width: 27%">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Amount</B></P></TD>
    <TD STYLE="width: 20%">
    <P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Class percentage</B></P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font-family: Palatino,serif; text-align: justify; text-indent: -12pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Banco Bilbao Vizcaya Argentaria S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">244,870,968</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">39.97</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font-family: Palatino,serif; text-align: justify; text-indent: -12pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">BBV Am&eacute;rica S.L. <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">160,110,585</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">26.13</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font-family: Palatino,serif; text-indent: -12pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">The Bank of New York Mellon <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">102,867,799</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">16.79</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; font-family: Palatino,serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">ANSES (Administraci&oacute;n Nacional de la Seguridad Social)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">43,206,096</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Palatino,serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">7.05</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.65pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 8pt">BBV Am&eacute;rica
S.L. is controlled by BBVA. Direct holder of 26.13 % of BBVA Argentina's share capital.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.65pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 8pt; font-variant: small-caps">(2)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 8pt">As an agent holder
of ADSs.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 7.1pt 0 0; text-align: justify">&nbsp;</P>


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<TD STYLE="width: 1cm"></TD><TD STYLE="width: 1cm"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>V.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Organizational structure</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="text-align: center; font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><IMG SRC="bbarfs4q216k_004.jpg" ALT=""></P>

<P STYLE="font: 7pt Palatino,serif; margin: 0 0 0 60.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 6pt/8.15pt Times New Roman,serif; margin: 0; text-align: justify; background-color: transparent">[References: General
Manager: Martin Zarich - Chair Cabinet: Tomas Rebagliatti &ndash; Internal Audit: Adolfo Rivera Guzman - Commercial: Hern&aacute;n Jord&aacute;n
- Business Development: Juan Kindt - Corporate &amp; Investment Banking: Carlos Elizalde - Finance: Ernesto Gallardo - Engineering &amp;
Data: Leandro Alvarez - Risks: Gerardo Fiandrino - Talent &amp; Culture: Gustavo Fernandez - Institutional Relations: Hernan Carboni -
Compliance: Monica Etcheverry - Research: Marcos Dal Bianco - Legal Services: Eduardo Gonzalez Correas.]</P>

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

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<TD STYLE="width: 1cm"></TD><TD STYLE="width: 1cm"><FONT STYLE="font-variant: small-caps"><B>VI.</B></FONT></TD><TD STYLE="text-align: justify"><B>Committees of the Board of Directors</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0; text-align: justify; text-indent: 35.4pt"><B>a) Joint Audit Committee (CNV
/ B.C.R.A.) </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 53.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The Joint Audit Committee of BBVA Argentina
shall be responsible for assisting the Board of Directors in monitoring the internal control environment and validating the existence
and improvement of controls covering the Bank's main risks, financial statements, external auditors, directors' fees, transactions with
related parties and conflicts of interest.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">It has internal regulations that regulate its
purpose, composition, operation and responsibilities. Said regulations have been approved by the Board of Directors at its meeting dated
June 29, 2021.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><B>Composition:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The Audit Committee shall be composed of at
least three (3) Regular Members who are members of the Entity's Board of Directors, with the participation of the top responsible officer
of Internal Audit. The members shall operate as a collegiate body and shall be appointed by the Board of Directors by simple majority
vote. The Director of Legal Services shall act as Secretary of the Committee.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The appointed members shall remain in office
for a minimum term of two (2) years and a maximum of six (6) years (provided that their term as Director does not expire earlier), taking
into account that the term of office should not coincide, so that the Committee is always composed of an executive with experience in
the matter. The term of office may be renewed on an unlimited basis as long as the Director is independent in accordance with BCRA rules.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The composition of the Committee must comply
with the independence criteria established by the Argentine Securities Commission (&quot;CNV&quot;), the New York and Stock Exchange (&quot;NYSE&quot;)
and the Argentine Central Bank (&quot;BCRA&quot;).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The appointment of the members of the Committee,
as well as any modification in its composition, whether due to resignation, leave of absence, incorporation or substitution of its members,
or any other cause, once considered by the Board of Directors, must be communicated by the Entity to the BCRA, CNV and NYSE within the
terms established in the regulations in force.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The directors who are members of the Audit Committee
shall have knowledge of business, financial or accounting matters, and one of them must comply with the requirements of accounting expert
established in Communication &quot;A&quot; 6552 of the BCRA.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><B>Duties:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">It shall meet at least once a month and, additionally,
whenever its members deem it convenient.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The Committee may operate with the members present
or communicated among themselves by video teleconference or by any other means of simultaneous transmission of sound, images and speech.
For the purpose of determining the quorum, the directors present and those participating remotely through the technological means specified
above shall be counted.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">In order to hold a valid meeting, the quorum
required shall be at least two members of the Audit Committee. In all cases, decisions shall be adopted by a simple majority of the members
present, and the dissenting opinion shall be recorded.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The head of Internal Audit participates in the
meetings and deliberations of the Committee with voice but without vote.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The main functions are:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><B>1. Internal Control Environment and Financial
Statements:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">1) Monitor the proper functioning of internal
controls and the preparation and publication of the administrative-accounting system.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">2) Ensure the consistency and integrity of all
documentation that is published in the market.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">3) Review and approve the annual work program
and the reports issued by the Entity's internal audit area, as well as its degree of compliance, ensuring that it has adequate resources
to perform its duties and functions in the Entity.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">4) Evaluate the observations on the internal
control weaknesses found by the auditors and by the controlling bodies.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">5) Submit to the Board of Directors, at the
time of publication of the year-end financial statements, a report on the status of the internal control system.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">6) Know and supervise the internal control environment
and the controls covering the main risks to which the Bank is exposed.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">7) Hold meetings with the General Management
area in order to be informed about the Bank's exposure to the relevant risks.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">8) Be informed of the results of the reports
issued by the Supervisory Committee of the Bank and the different control committees established by the Argentine Central Bank in compliance
with their duties.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><B>2. Internal Audit:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">In relation to the Internal Audit function:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">a) Propose to the Board of Directors the selection,
appointment, re-election and dismissal of the top responsible officer of Internal Audit, based on the candidates pre-selected within the
executive area by the Talent &amp; Culture area.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">b) Supervise the independence, effectiveness
and operation of Internal Audit.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">c) Analyze and establish the objectives of the
top responsible officer of Internal Audit and evaluate his/her performance, submitting the proposal thereof on both matters to the Nomination
and Remuneration Committee to ensure alignment with the compensation model applicable at all times to Senior Management, submitting the
corresponding proposals to the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">d) Ensure that the Internal Audit area has the
material and human resources necessary for the effective performance of its functions, both in terms of personnel and material elements,
systems, procedures and action manuals.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">e) Analyze and, as the case may be, approve
the annual work plan of Internal Audit, as well as any other additional plans of an occasional or specific nature that may have to be
implemented due to regulatory changes or the needs of the Bank's business organization.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">f) Receive monthly information from the top
responsible officer of Internal Audit on the activities carried out by the Internal Audit area, as well as on any incidents and obstacles
that may arise, and verify that Senior Management takes into account the conclusions and recommendations contained in its reports. Likewise,
as often as circumstances may require, to monitor these plans, being allowed to delegate to its Chairman the performance of preparatory
tasks to facilitate the work of the Committee. In the event of substantial deviations in the deadlines for the execution of the actions
contemplated in the plans, or in the scope of the reviews, the causes thereof shall be explained to the Committee, submitting for its
approval the modifications to be made to the Internal Audit plans.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">Notwithstanding the foregoing, the top responsible
officer of Internal Audit shall also report to the full Board of Directors, as often as appropriate, on the activities carried out by
the Internal Audit area.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">g) Be informed of the degree of compliance by
the audited units with the corrective measures recommended by Internal Audit in previous actions, and report to the Board of Directors
on those cases that may represent a relevant risk for the Bank.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The Committee shall be informed of the irregularities,
anomalies or breaches that the Internal Audit area has detected in the course of its actions, provided that they are relevant, being understood
as relevant those that may cause a significant and material impact or damage to the Bank's equity, results or reputation, the assessment
of which shall be at the discretion of the Internal Audit area, which, in case of doubt, shall opt for communication. This communication
shall be made, as soon as known, to the Chairman of the Committee.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><B>3. External Audit:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">1) Give its opinion regarding the proposal of
the Board of Directors for the appointment or revocation of the external auditors to be hired by the Bank and ensure their independence.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">2) Review the plans of the external auditors
and evaluate their performance, and issue an opinion thereon in its Annual Management Report.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">3) Analyze the reasonableness of the fees billed
by the external auditors.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">4) Request the external auditor to inform the
Committee of any relevant fact that has a significant impact on the Entity&rsquo;s equity, results, or reputation, or constitutes a relevant
weakness in its internal controls.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">5) Provide the mechanisms so that the reports
to be submitted by the external and internal auditors of the financial entities are submitted in due time and form.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">6) When shareholders representing at least 5%
of the capital stock request the Bank to appoint an external auditor proposed by them for the performance of one or more specific tasks,
the Audit Committee shall issue a prior opinion and shall inform the CNV.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><B>4. Issuance and Stock Plans and Acquisition
of Own Shares and Directors' Fees:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">1) Issue an opinion and make it public, on compliance
with legal requirements and on the reasonableness of the conditions for the issuance of shares or securities convertible into shares,
in cases of capital increase with exclusion or limitation of preemptive rights.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">2) Issue a report prior to any decision of the
Board of Directors to acquire the Bank's own shares.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">3) Give an opinion on the reasonableness of
the proposals made by the Board of Directors regarding fees and stock option plans of the Bank's directors and administrators.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><B>5. Related Party Transactions and Conflicts
of Interest:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">1) Ensure that transactions between related
parties are carried out in accordance with the provisions of Law 26831, issuing a well-founded opinion regarding transactions with related
parties in the cases established and specifically required.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">2) It shall immediately provide the market with
full information on transactions in which there is or could be a conflict of interest with members of the corporate bodies or controlling
shareholders.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><B>6. Standards of Conduct:</B></P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">1) Investigate irregular behavior or behavior
that may not be in accordance with applicable regulations or BBVA Argentina's Codes of Conduct.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">2) Review the Bank's standards of conduct, to
ensure that they are adequately disseminated among all the Bank's personnel and verify compliance with such standards of conduct.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><B>7. Action Plan and Relationship with Regulators:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">1) Submit annually, an action plan for the fiscal
year, which shall be submitted to the Board of Directors and the Supervisory Committee within sixty (60) calendar days after the beginning
of the fiscal year, in which it shall account for the treatment given during the fiscal year to the matters within its competence provided
for in Article 18 of Chapter III of the CNV Rules.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">2) Maintain constant communication with the
officers of the Superintendency of Financial and Exchange Entities responsible for the control of the Entity in order to know their concerns,
the problems detected in the inspections carried out and the actions for their solution.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 0; text-align: justify; text-indent: 42.55pt"><B>b) Nomination and Remuneration
Committee</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify">BBVA Argentina's Nomination and Remuneration Committee
is a non-executive body whose purpose consists in assisting the Board on matters concerning the Bank&rsquo;s remuneration and benefit
policies. Furthermore, the Nomination and Remuneration Committee is the body entrusted with the establishment of the standards and procedures
governing the recruitment and training of directors, key executives and senior personnel.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 18.45pt; text-align: justify; text-indent: 35.4pt"><B>Structure:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 53.85pt; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">BBVA
Argentina's Nomination and Remuneration Committee shall be made up of three Non-Executive Directors to be designated by the Board in the
same manner as the President. The Chief Legal Officer and Chief Talent &amp; Culture Officer may be invited to attend the meetings of
this committee. The Committee shall be presided over by an Independent Director</FONT>. <FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">The
Chief Legal Officer is the secretary of the Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">Each member of the Nomination and Remuneration
Committee shall prove sufficient knowledge on and experience in Human Resources (HR), compensation policies and labor risk management.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48.45pt"></TD><TD STYLE="width: 1.2pt"><B>Functions:</B></TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 54pt; text-align: justify">The Nomination and Remuneration Committee shall
perform the following functions:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.05pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Permanent functions:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 21.25pt 6pt 53.3pt; text-align: justify"><B>Board of Directors' Performance, Succession
Plan, and Assessment</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Evaluate the
Board of Directors performance and renewal and replacement of members of the Senior Management.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensure application
of a proper methodology for the evaluation of Senior Management. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 21.25pt 6pt 53.3pt; text-align: justify"><B>Recruitment Criteria and Training</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Identify potential
candidates to fill positions at the Board of Directors to be proposed at the Annual Shareholders&rsquo; Meeting.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approve recruitment
criteria for senior management members.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensure the Training
and Development of the members of the Board of Directors and senior management and other executives.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Suggest which
members of the Board of Directors should comprise the several Board&rsquo; committees, based on their respective background.</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Assess the convenience
of the members of the Board of Directors and/or supervisory auditors performing functions at several Entities.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 21.25pt 6pt 53.3pt; text-align: justify"><B>Remuneration, Retention, and Dismissal
Policy</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Keep the Board
of Directors informed on the Entity's Remuneration policy, with a detail of union agreements or other general adjustments which may have
an impact on the Bank&rsquo;s salary structure.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Validate &ndash;on
an annual basis- the characteristics of variable compensation models in force at the Bank.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensure a clear
link between the performance of the Senior Management and their fixed or variable compensation, taking into account the risks undertaken
and how they are managed.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Oversee that
the variable portion of Senior Management&rsquo;s compensation is tied to the medium and/or long-term performance of their members.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Review the competitive
position of the Bank&rsquo;s compensation and benefit policies and practices, and approve the respective changes. To such end, these policies
shall embrace the Entity&rsquo;s goals, culture and activities, and shall be mainly intended to reduce incentives to undertake excessive
risks in the face of the structure of the employee&rsquo;s incentive system.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Define and communicate
key staff retention, promotion, dismissal and suspension policies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensure that
the Talent &amp; Culture / HR policy does not embrace any form of discrimination.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Inform the guidelines
to determine retirement plans for Board of Directors' and Senior Management's members.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 21.25pt 6pt 53.3pt; text-align: justify"><B>Reporting to the Board of Directors
and Shareholders' Meetings</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Regularly report
to the Board of Directors and Shareholders' Meeting on any actions undertaken and the issues discussed in the meetings.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Annually inform
the Board of Directors the assessment guidelines that were followed to determine the compensation level of directors, senior positions
and Senior Managers.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensure that
the resumes of the Board of Directors&rsquo; and Senior Management&rsquo;s members are available at the Entity&rsquo;s website (indicating
Directors&rsquo; term in office).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Intervene in
cases of infringement to the General Anticorruption Policy involving members of the Board of Directors, except to the extent such cases
involve members of this committee. This committee will coordinate the execution of the action plans required to deal with and address
these situations. The actions taken in this regard are reported to the Board of Directors. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Intervene in
cases of infringement to the General Conflicts of Interest Policy involving members of the Board of Directors, except to the extent such
cases involve members of this committee. This committee will coordinate the execution of the action plans required to deal with and address
these situations. The actions taken in this regard are reported to the Board of Directors.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 21.25pt 6pt 2cm; text-align: justify"><B>Organization Chart</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 21.2pt 0 71.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Learn about changes in the Entity's Organization Chart made from
time to time by the Talent &amp; Culture area.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 21.2pt 0 71.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">The Board of Directors shall appoint the General Manager, following
consultation with this Committee.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 21.2pt 0 71.45pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Notify the Board of Directors of the appointment of: (i) each
area's Directors; (ii) Managers of central areas, and (iii) Territory Managers of the Commercial Department. </FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 21.25pt 6pt 53.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Non-permanent
functions.</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 21.2pt 0 70.9pt; text-align: justify">In addition to the permanent functions it
is expected to discharge, the Nomination and Remuneration Committee may take care - within its areas of responsibility - of all such matters
strengthening people management quality and reliability at BBVA Argentina.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 35.85pt; text-align: justify; text-indent: 18pt"><B>Organization and Operation
Rules:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The Nomination and Remuneration Committee shall
meet every four months, and such meetings shall be either convened by the President or other member.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">A quorum is attained with the presence of, at
least, two of the committee's members, and resolutions will be adopted by majority of present members.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The Committee may convene individuals within
the Bank that perform tasks related to the Committee&rsquo;s functions, and may seek such external advice, through the Board of Directors,
as deemed necessary to form an opinion on the matters within its competence.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 53.85pt; text-align: justify">The President of the Committee, or any of its
members, shall be available at the Annual Shareholders&rsquo; Meeting approving the Board of Directors&rsquo; compensation to explain
the Bank's remuneration policy for Board of Directors' and Senior Management's members.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 43.35pt; text-align: justify"><B>c) Other Committees </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify">The composition and functions of the Committees
that are listed below are governed by the Bank&rsquo;s internal manuals and the applicable rules and regulations laid down by oversight
agencies (BCRA, Financial Information Unit, CNV, among others).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 2cm; text-align: justify"><B>1) Committee for the Prevention of Money
Laundering and Terrorist Financing</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify">This Committee is made up of: (i) BBVA Argentina&rsquo;s
Regular Director in his capacity as Regulatory Compliance Officer; (ii) Highest-Ranking Regulatory Compliance Officer; (iii) one Regular
Director, (iv) the Officer responsible for Compliance Processes and (v) the Officer responsible for the Prevention of Money Laundering
and Terrorist Financing Discipline.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify">Specifically, this Committee shall be in
charge of:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Setting action plans and continuously
reviewing their progress; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Filing reports with the competent authorities
concerning the so-called &ldquo;unusual or suspicious&rdquo; transactions, or, either, disregarding them, when appropriate; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Evaluating the potential risk of asset
laundering in the new products and/or services; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Reaching an agreement on actions for
the analysis of suspicious transactions; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Raising awareness in their areas about
the importance of preventing asset laundering and terrorist financing; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Identifying any relevant situation that
may occur in this regard in their respective areas; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Undertaking the necessary commitments
within its area to put in place prevention procedures, on a coordinated basis with the Officer Responsible for Prevention of Anti-Money
Laundering.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0; text-align: justify; text-indent: 55.2pt"><B>2) Information Technology Committee</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify">This Committee is made up of a member of
the Board, the Chief Engineering &amp; Data Officer, the Systems Manager, the Architecture, Infrastructure &amp; IT Ops Manager, the Corporate
Security Manager, the Business Process Engineering Manager, the Data Transformation and Engineering Manager, the Strategy and Control
Manager, the Operations (Permanent Participants) Manager and the Lever 3 (NIII) of Technology, Physical, Information and Data Security
Risk Control Specialist (Secretary).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify">Specifically, this Committee shall be in
charge of:</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Overseeing the proper operation of the
IT environment and contributing to an improvement in its efficiency. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approving the IT and Systems Plan and
assessing it from time to time to review the degree of compliance. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Reviewing the reports issued by the
auditors in connection with the IT and Systems environment and watching for the execution of corrective actions to address or minimize
the identified weaknesses, taking into account their associated risks. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approving physical and/or logic security
policies and/or plans to mitigate the risk associated to the Entity&rsquo;s systems. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Maintaining timely communications with
the officers of the Systems External Audit Division of the Superintendency of Financial and Exchange Entities in connection with the issues
identified during the audits conducted at the entities, and with the monitoring of the actions taken to find an IT solution to such issues.&nbsp;
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">The Committee shall be empowered to
define new review functions or areas, as deemed necessary, in order for the Entity&rsquo;s Information Systems to comply with overall
objectives of Effectiveness, Efficiency, Confidentiality, Integrity, Availability, Reliability and Compliance.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0; text-align: justify; text-indent: 0.5in"><B>3) Disclosure Committee</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify">The mission of this non-executive Committee
will be enhancing the coordination between the several areas engaged in the development and disclosure of BBVA Argentina's public information,
thus enhancing its consistency, while fostering the definition of preparation procedures as an additional control element. This Committee
is composed of a Regular Director, the Chief Financial Officer, the Chief Risk Officer, the Chief Legal Officer, the Banking and Institutional
Business Manager, the Accounting Manager, the Investor Relations Manager, and the Head of Investors and Rating Agencies.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify">The main functions of this committee are:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Developing coordination, review and
criteria-setting activities in connection with all information to be disclosed by the Entity to its shareholders, the markets where the
Bank&rsquo;s shares are listed and such markets&rsquo; regulatory authorities, ensuring that: (i) the information required to be publicly
disclosed (either directly or through the pertinent regulatory authorities) is registered, processed, summarized and reported in an accurate
and timely fashion, and (ii) that such information is gathered and shared with managers and directors in due time and fashion to ensure
timely decision-making based on the required information.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Coordinating with the several units
responsible for the preparation and disclosure of information to ensure consistency and that the information has been generated by the
pertinent internal area following the established procedures. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Reviewing and sharing the work done,
together with the incumbent areas, to ensure disclosure by the Bank of all such information required by the several regulatory authorities
and/or applicable laws. This Committee's functions do not replace the existing controls at the units responsible for preparing and publishing
the information, but are rather a supplementary and additional review element.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Establishing the criteria to be applied
in respect of the content and disclosure of documents. In order to ensure that the committee discharges its duties efficiently, it fosters
the development of policies and procedures to ensure an appropriate public information preparation and disclosure process.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 68.4pt; text-align: justify">A quorum shall be attained with the absolute
majority of the Committee&rsquo;s members, and decisions shall be made by a majority of the present members. Such individuals having expertise
on the issues to be discussed at the meetings may attend them as guests, and may sign the minutes; provided, however, that the presence
of such individuals shall not be taken into account for attaining quorum and required majorities.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 2cm; text-align: justify"><B>4) Risk Management Committee</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 2cm; text-align: justify">This committee is the Entity&rsquo;s uttermost risk
management body. It comprises the Chief Risk Officer (Chairman), Risk Internal Control Manager, Risk Internal Control (Technical Division),
Retail Risk and Process Transformation Manager, Wholesale Risk Manager, the Financial Risk and Reporting Manager (permanent participants);
the CEO or General Manager, Commercial Director and/or Retail Coordination Manager and/or Business Coordination Manager, the Corporate
&amp; Investment Banking Director and/or the Global Transactional Banking Manager and/or Manager of Global Markets Argentina and the Business
Development Director and/or Business Execution Manager (optional participants or to address specific issues); head of the area of the
issue to be addressed, and Presenter (specific participants).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 2cm; text-align: justify">The main functions of this committee are:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approve all transactions and Financial
Programs for Customers or Economic Groups exceeding the powers vested in Risks Managements (Wholesale / Retail), Financial institutions
and Issuer Risk, and any issues requiring approval from other areas (C&amp;IB, GRMC, CTOG).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approve individual and corporate customers&rsquo;
refinance transactions, cancellations and charge-offs, as per the effective Delegation Rule.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approve the operations of Non-Delegated
Risks (risks related to media, public relevance, political parties, trade unions or companies related to the Bank or its officers).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Discuss the power delegation proposal
which will then be submitted to the Board of Directors for approval.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Annually approve the Risk Management
Specific Framework and periodically follow up on the changes in the metrics set in such framework.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Define and approve the strategies, manuals,
policies, necessary practices and procedures to identify, evaluate, measure and manage the risks to which the entity is exposed (credit,
market, structural, liquidity, operational risk, etc.).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approve Credit Policies, rating tools
and models, and campaigns of pre-approved loans or massive campaigns.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approve the limits of Asset Allocation,
Preferred Lenders Program (PLPs) and stress tests.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Call the Crisis Committee, if deemed
necessary or at the request of the wholesale or retail follow-up Committee, and approve actions defined at such committee to mitigate
risk alerts previously exposed by the related Follow-up Committees.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Report to the Board of Directors decisions
taken on the approval of transactions and definition of risks policies and strategies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Submit and analyze periodic management
reports, which are then submitted to the Senior Management and the Board of Directors. These reports shall gather the main aspects of
the management of all the risks of the Entity.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Approve, on a quarterly basis, the definition
of priorities for Single Development Agenda (SDA) projects (Intra-domain refinement).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Monthly review actions as per the methodology
set out in IFRS 9.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0 12pt 2cm; text-align: justify">The Committee shall be presided of the Chairman
(Chief Risk Officer) and shall have a Secretary (Head of Internal Control of Risks - Technical Division), who shall be in charge of, amongst
other things, setting the agenda, preparing the Minutes for each subject submitted with the related decision taken. In case of absence
of the Chairman, the Chief Executive Officer or General Manager shall act as such. In absence of the latter, the role shall be jointly
taken over by two regular participants (including optional participants or participants for specific issues) in the following order: Wholesale
Risk Manager, Retail Risk Manager, and Financial Risks and Reporting Manager.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">&#8203;The Committee shall meet twice a week. If an
urgent meeting is necessary, it shall be called as an extraordinary meeting.</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0 12pt 2cm; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5)
Corporate Assurance Committee</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify">This Committee is comprised of the Chief
Executive Officer as Chairman, members of the Management Committee as Regular Members, and the Committee&rsquo;s Secretary is undertaken
by the Non-financial Risk Manager.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 56.4pt; text-align: justify">The main functions of this committee are:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Communicating and watching over the
effective operation of the control model, as well as the required culture of transparency and self-criticism.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensuring the implementation and preservation
of the Corporate Assurance model across the entities comprising the BBVA Group.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Setting priorities as to control weaknesses
identified by the specialized areas and Internal Audit and as to the suitability, relevance and timing of the proposed corrective measures.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensuring that specialists fulfill their
responsibilities with transparency and self-criticism.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Being familiar with, assessing and assigning
responsibilities for managing the risks submitted to its consideration.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Timely follow-up to the agreed-upon
risk mitigation action plans.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Communicating the actions taken to specialists
and Business Units.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Fostering knowledge on the Operational
Risk Model, as well as the dissemination of related corporate policies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Addressing and making decisions regarding
Operational Risks, as required, due to the materiality or importance of the issues involved.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensuring the application of the Operational
Risk Model and facilitating the adequate management of the operational risks associated to BBVA Argentina's activities.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Overseeing the adequate deployment of
the model tools and methodology.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">The Committee may take care of all such
issues that enhance the quality and reliability of BBVA Argentina's and its affiliates&rsquo; internal controls.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify">The Committee shall hold ordinary and extraordinary
meetings. Ordinary meetings shall be held every four months, following the required call by the Secretary. Extraordinary meetings shall
be held when convened by the Secretary or at the request of one or more members of the Committee, when special circumstances so warrant.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 12pt 0 12pt 55.2pt; text-align: justify"><B>6) Compliance Committee</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">This committee is composed of: (i) the top responsible
officer of Compliance; (ii) the General Manager; (iii) the Chief Commercial Officer, (iv) the Chief Legal Officer, (v) the Chief Financial
Officer, (vi) the Chief Risk Officer, and (vii) the Internal Audit Officer, who will attend meetings as observer with voice but no votes.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">The main functions of this committee are:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Setting action plans and continuously
reviewing their progress;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Contributing to preserve the Corporate
Integrity of BBVA Argentina and Group companies in Argentina, ensuring the effective application of the Code of Conduct and the Rules
of Conduct in the Capital Markets.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Encouraging and promoting a culture
of ethics and integrity among members, encouraging the adoption of the necessary measures to resolve queries, concerns, suggestions regarding
compliance with and application of the Code, as well as ethically questionable actions that may be brought to its attention.</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Promoting and following up on the operation
and effectiveness of the Whistleblower Channel. Reviewing the most representative cases.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensuring compliance with the provisions
on the Protection of Financial Services Users, considering the claims submitted by users and adopting actions to reduce their repetition.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Assuming the necessary commitments and
agreeing on actions to carry out the prevention systems, in coordination with the Head of Prevention of Money Laundering and Financing
of Terrorism</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Fostering action plans to train and
raise awareness about the importance of being acquainted with matters concerning the scope of the Committee.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">This Committee will meet on a monthly basis.&#9;</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>7) Assets and Liabilities Committee (ALCO)</B></P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 2cm; text-align: justify">This committee is composed of: (i) the Chief
Executive Officer; (ii) the Chief Business Development Officer; (iii) the Chief Financial Officer; (iv) the Chief Risk Officer; (v) the
Chief Commercial Officer; (vi) the Chief Corporate &amp; Investment Banking Officer; (vii) the Financial Management Manager (Permanent
Participants), (viii) the BBVA Research Director, and (ix) the Financial Risk and Reporting Manager (Guests).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">The main functions of this committee are:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Follow-up to macroeconomic variables;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Analyzing and discussing the conditions
of local and international financial markets, and their forecast and impact on the Bank&rsquo;s structural risks;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Follow-up to and control over liquidity
limits and alerts, rate, exchange position and market risk, both at an internal and regulatory levels; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Defining corrective measures, as necessary;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Reviewing historical changes in and
projection of the financial position statement items, deviations from the budget, and comparison against the market and the competition;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Follow-up on the Bank&rsquo;s excess
liquidity, benchmarking and review of stress scenarios; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Establishing the funding strategy and
the allocation of resources;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Defining the pricing policy and lending
and borrowing products;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Follow-up on the changes to the Bank&rsquo;s
financial margin and its main deviations. Changes to business spreads. Analysis of the impact of management proposals;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Designing the investment and surplus
strategy;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Defining the strategy of investment
in Public Venture Capital;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Historical and projected changes to
the Bank&rsquo;s capital position and projected dividends and analysis of proposals leading to the efficient use of such capital;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Causing financial and other analysis
to be done, as necessary, to optimize the performance of the above items;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">The Finance area is responsible for
analyzing and following up the proposals submitted to the committee through the applicable commissions;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Enforcement and implementation of contingency
and liquidity plans;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 52.8pt"></TD><TD STYLE="width: 15.6pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Acting as Crisis committee in the event
the Recovery Plan and/or the Resolution Plan needs to be triggered.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 70.9pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">This Committee will meet on a monthly basis.</P>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 2cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>VII.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Banco BBVA Argentina S.A.'s subsidiaries
and associates</B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">The main subsidiaries and associates of BBVA
Argentina are:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">BBVA Asset Management
Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n: the corporate purpose of this mutual fund manager is to run and
manage Mutual Funds in accordance with Section 3 of Law No. 24083, as subsequently amended by Law No. 26831.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">PSA Finance Argentina
Compa&ntilde;&iacute;a Financiera S.A. whose corporate purpose consists in financing the acquisition of new and second-hand Peugeot and
Citro&euml;n vehicles through pledge loans, receivables from finance leases and other financial products and in supplying services associated
with the purchase, maintenance and insurance of motor vehicles.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Consolidar AFJP
S.A. (undergoing liquidation proceedings): see Note 1.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">d)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Rombo Compa&ntilde;&iacute;a
Financiera S.A., whose corporate purpose is to finance the acquisition of new and second-hand Renault and Nissan vehicles through pledge
loans, receivables from financial leases and other financial products and in supplying services associated with the purchase, maintenance
and insurance of motor vehicles.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">e)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">BBVA Seguros Argentina
S.A. This insurance carrier operates in the following lines of business: fire, comprehensive household insurance, civil liability, theft,
personal accidents, group life insurance and other coverage.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">f)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Volkswagen Financial
Services Compa&ntilde;&iacute;a Financiera S.A., a company engaged in providing pledge loans for the purchase of VW, Audi and Ducati new
or second hand vehicles, credit through operating leases, and other financial products and services associated with the purchase, maintenance
and insurance of vehicles. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.2pt"></TD><TD STYLE="width: 49.6pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>VIII.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Network of branches and retail offices</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">Banco BBVA Argentina S.A. operates a network
of 243 branches distributed as follows: City of Buenos Aires: 79 branches; Greater Buenos Aires: 82 branches and rest of the country:
82 branches.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 46.4pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>IX.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Business lines</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 45pt; text-align: justify">The most relevant business lines are: Retail
Banking, whose strategy relies on building a comprehensive relationship with customers and strengthening the credit card segment; Small
and medium companies, which aims at aiding companies through both short- and long-term financing and Corporate Banking, an area concerned
with Foreign Trade transactions as much as with advice in mergers and acquisitions and in capital market transactions.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify; color: red">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 46.4pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>X.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Economic incentives for the personnel</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">Banco BBVA Argentina S.A. applies a policy
of rewards to attract and retain the proper individuals for each position, based on the following principles:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Acknowledgement
and compensation based on individual performance, work team, results obtained and their quality, as well as the skills and competences
applied by individuals to their work.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 70.9pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-family: BBVA Web Light,sans-serif; font-size: 14pt">-</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensuring
internal fairness through structure analysis, descriptions of positions and remunerations.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 70.9pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-family: BBVA Web Light,sans-serif; font-size: 14pt">-</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Ensuring external competitiveness by updating the information
with the benchmark market.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 2cm; text-align: justify"><FONT STYLE="font-family: BBVA Web Light,sans-serif; font-size: 14pt">-</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Rewarding the contribution of tangible results.</FONT></P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">The rewards system includes compensations
paid to employees as consideration for their contribution to the organization in terms of time, role and results, and it involves a fixed
as well as a variable remuneration system.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">In order to comply with such principles, the
Entity has implemented the following tools within the remuneration processes:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 70.9pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-family: BBVA Web Light,sans-serif; font-size: 14pt">-</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Salary surveys into the benchmark market: the position adopted
within the survey is defined in accordance with the Bank&rsquo;s needs and strategy for each period. This benchmark market is made up
of a number of companies that have similar organizational structures and business sizes.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 70.9pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-family: BBVA Web Light,sans-serif; font-size: 14pt">-</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Salary categories/brackets: these are designed on the basis of
the internal structure of the positions and the information derived from market salary surveys. These brackets represent salary ranges
grouping positions that rank similarly in terms of responsibility, experience, knowledge, etc.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">Also, BBVA Argentina uses performance evaluations
as a key tool to compensate the effort and results of each employee. At the end of each fiscal year, each person in charge evaluates the
goals of their team members to obtain an individual assessment of their performance for the year. Such assessment has four types of goals:
Quantitative, Customer, Tactical and Other Goals.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">The result of the assessment reflects the
level of contribution by each member of the team, which is the basis to assess the right to collect the rewards defined.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">Classification is the process whereby the
manager carries out a global assessment of each team member to evaluate the performance of their current position. The results of such
assessment are used to apply certain Human Resources policies.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">In turn, projection is the process whereby
a manager assesses the capabilities of each team member to perform higher level functions inside BBVA Argentina. This assessment shall
be based on experience, knowledge, skills, and the commitment of the team member.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">Each employee has access to various rewards
based on their work position and the results of their performance evaluation. The goal is to encourage and reward the achievement of results.
The models currently in force are:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 2cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Network rewards
model: It consists of four quarterly payments and one payment of annual indicators. Payment is related to the attainment of the goals
assigned to each individual, for each period. Each position has a set of goals, and each goal has a certain weight.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Reward model for
Central Areas, Channels and Network support: It consists of a yearly variable payment assigned to each employee by the supervisor, taking
into consideration their performance evaluation and the position's reference reward. Additionally, variables related to the attainment
of the Entity's goals are considered, based on the criteria adopted and the degree of compliance with the budget. These factors may have
an impact on the defined variable reward.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Commissions reward
model: The value of the commission depends on the unit value of each product based on its contribution to the Entity's profit and loss
account. The criteria to be applied for rewards through commissions are reviewed annually. They are paid monthly in arrears.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Share-based incentives
reward model: An incentive program for executives whose professional activities have a material impact on the Entity&rsquo;s risk profile,
based on the delivery of shares of the controlling company. The number of units to be assigned is determined taking as a reference the
level of responsibility of each beneficiary within the Bank. The number of shares to be actually delivered shall depend on the employee's
individual performance ratio.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 63.8pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 2cm; text-align: justify">Executives included in that group receive at least
50% of the annual variable reward for each year in shares of the controlling entity. The payment, both in cash and shares, shall be distributed
as follows: 60% of their rewards during the first quarter of the year and the remaining 40%, 3 years after the first payment date of the
variable reward.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 2cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 2cm; text-align: justify">Shares delivered to this group of employees, which
are part of their annual variable reward for the year, cannot be disposed of during the 6 months immediately following delivery. The unavailability
regime applies to the net amount of the shares, that is to say, discounting the portion necessary for the employee to pay taxes on the
shares received. This shares unavailability regime also applies in the event of termination of the employment contract or the contract
of a director with BBVA Argentina for any cause, except in the case of death and all degrees of disability for labor purposes. After the
unavailability period, BBVA Argentina's employees that are part of the &ldquo;Colectivo Sujeto&rdquo; group may freely transfer their
shares.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 2cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 2cm; text-align: justify">In addition to achieving the goals set forth for
such incentive, the beneficiary shall remain active in the Entity as of the settlement date, he/she should be entitled to receive regular
variable rewards for that fiscal year, and should have not been subject to penalties for serious noncompliance with the code of conduct
and other internal regulations.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 46.4pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>XI.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Code of conduct</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 27pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">The Entity has a Code of Conduct binding on
all employees and officers of BBVA Argentina.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">The Code of Conduct defines the ethical behavior
that the Board of BBVA Argentina considers applicable to the businesses and activities conducted by BBVA Argentina and the group companies
in Argentina; builds the foundations thereof and lays down the guidelines required for corporate integrity to be outwardly expressed in:
(i) relationships with customers, employees, officers, suppliers, and third parties; (ii) acting in the various markets as issuers or
operators; (iii) individual actions by employees and officers; and (iv) establishing specific bodies and functions endowed with the responsibility
of enforcing the Code and fostering the actions necessary to effectively safeguard corporate integrity as a whole.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 46.4pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>XII.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Conflict of
interest</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 45pt; text-align: justify; text-indent: -2.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">On November 24, 2020, the Board of Directors
approved the General Conflicts of Interest Policy at BBVA Argentina and other affiliates in Argentina.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">The Policy contains the following principal
guidelines: (i) it determines the scope of application; (ii) it sets forth the general principles, (iii) it identifies conflicts of interest;
and establishes the measures for preventing and handling conflicts of interest; (iv) it regulates the conflicts of interest of members
of the management board; and (v) it provides the model of government and supervision of this Policy.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">In addition, Section 12 &ldquo;Standards
for discharging directorship duties&rdquo; of the Code of Corporate Governance regulates, among other matters, transactions between Directors
and the Bank or other Group companies.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">Basically, it mandates that any Director
involved shall not be in attendance when the relevant corporate bodies, in which he/she sits, are in session to discuss the matters in
which he/she might have a direct or indirect interest or which might affect persons related to him/her in the terms defined by the laws.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">It also prescribes that the Director involved
shall refrain from entering, either directly or indirectly, into personal, professional, or commercial transactions with the Bank or companies
of its group, other than ordinary banking transactions, unless these transactions are subject to a procurement process that ensures transparency,
with competing bids, and on an arm&rsquo;s length basis.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify"><B>XIII.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Diversity and inclusion</B></P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 42.55pt">On September 4, 2020, the Argentine
Central Bank (&ldquo;BCRA&rdquo;) issued Communication &ldquo;A&rdquo; 7100, incorporating gender equality criteria to its &quot;Corporate
Governance Guidelines for Financial Institutions&quot; as best corporate practice for the composition of financial institutions' governance
bodies.</P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 42.55pt">Within the &ldquo;General Considerations&rdquo;
section of the &quot;Corporate Governance Guidelines for Financial Institutions,&rdquo; the Argentine Central Bank incorporated the following
concepts: <B>(i)</B>&nbsp;gender equality, as a &ldquo;guideline that seeks to achieve equal participation of men and women in decision-making
roles at the workplace and to ensure the right to equal opportunities and non-discrimination based on gender;&rdquo; and <B>(ii)&nbsp;</B>managing
with gender equality, such as &ldquo;developing gender-equality conditions though policies and affirmative actions.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 42.55pt">As stated in the communication,
a good corporate governance practice is ensuring that entities' boards of directors are made up considering gender equality, to foster
discussion and enrich the decision-making on strategies, policies and risks assumed.</P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 42.55pt">Furthermore, the communication
recommends that financial institutions: <B>(i)</B> select and, where necessary, replace their main executives and have an appropriate
succession plan in place so that candidates meet the eligibility requirements to run the Entity, taking into account gender equality;
and&nbsp;<B>(ii)</B> approve, watch and review the design and operation of their personnel's compensation plan and, if applicable, their
personnel's incentive plans, according to applicable laws and considering gender equality, ensuring that they are implemented accordingly.</P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 42.55pt">Besides, the boards of directors
of financial institutions will be tasked with new functions, such as: <B>(i) </B>approving recruitment policies that foster inclusive
and diverse workplaces in terms of gender, geographical origin, age, ethnics, professional experience, family composition, and caring
responsibilities, in designating both senior management members and the rest of the entity's personnel; <B>(ii)</B> approving gender and
gender violence education and training policies; and <B>(iii)</B> fostering mechanisms to manage with gender equality, creating, where
necessary, a dedicated area, based on equal opportunities and non-discrimination on the basis of gender, applicable to the several stages
of the entity's development.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">In this respect, on November 24, 2020, the
Board of Directors approved the General Diversity and Inclusion Policy. The policy seeks to establish guidelines that instill a culture
of respect for diversity and inclusion, ensuring equal opportunities and contributing to foster a more open culture, based on respect
and richness from diverse talents. All who are part of BBVA Argentina are personally responsible for following the procedures established
in this policy to ensure diversity, inclusion and non-discrimination in their actions, and for reporting any discriminatory practice.
Some of the principles enshrined by this policy include:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-size: 10pt"><B>1.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-size: 10pt">Recognizing and appraising diversity at BBVA Argentina
as part of its purpose of &ldquo;bringing the opportunities of this new era to everyone.&rdquo;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Affording a decent, respectful and equal
treatment to all our employees, whether direct and indirect, without regard to their age, ethnics, sex, religion, disability, gender,
financial condition, political affiliation, etc., recognizing freedom of speech and equal rights and embracing inclusion. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Favoring inclusion through the full
recognition and exercise of people's rights and equality. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Considering diversity in all our actions,
crosscutting all our decisions as members of BBVA Argentina, for employees as well as for customers and suppliers. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Appreciating contributions from diverse
perspectives, facilitating and encouraging people's development and professional growth. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Facilitating team's balance in terms
of work, family and leisure time, fostering actions framed under the Work Better &amp; Enjoy Life umbrella. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Using appropriate language and behaviors
at all times without jokes or comments that may be detrimental to people based on their age, ethnics, sex, religion, disability, gender,
financial condition, political affiliation, etc. </FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 5pt 2.45pt 5pt 42.55pt; text-align: justify">The Group organizes online training courses
and talks on diversity and inclusion addressed to all employees to raise awareness on gender equality and non-discrimination.</P>

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<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-size: 10pt"><B>58.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Accounting records</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">As of the date of these consolidated financial
statements, and as a result of the subsequent social, preventive and mandatory lockdown and distancing measures the Argentine Government
has been mandating since March 19, 2020 in the wake of the global pandemic unleashed by the COVID-19 described in Note 1.3., the accounting
entries corresponding to January through December 2020 and January through December 2021 are in the process of being transcribed to the
Journal.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 42.55pt; text-align: justify"><B>&nbsp;&nbsp;</B></P>

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<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-size: 10pt"><B>59.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Subsequent events</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify"><U>Play Digital S.A. &ndash; Capital contribution</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">On January 20, 2022, an irrevocable capital contribution
on account of future subscription of shares was made to Play Digital S.A., amounting to 141,362. Such contribution was made in order to
have working capital for the performance of activities.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">The Bank&rsquo;s ownership interest as of the
date of the contribution is 10.832% of the company.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">No other events or transactions have occurred
between year-end and the date of these consolidated financial statements which may significantly affect the Entity's financial position
or results of operations as of December 31, 2021.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 52%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 4%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font: bold 9pt Times New Roman, serif; text-align: right; width: 15%">&nbsp;&nbsp;&nbsp;&nbsp;EXHIBIT B</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING TO FINANCIAL PERFORMANCE</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">AND GUARANTEES RECEIVED CONSOLIDATED WITH SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Account</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; background-color: white">COMMERCIAL PORTFOLIO</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Normal performance</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;111,697,657</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146,764,458</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,348,977</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,575,269</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735,407</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585,815</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;105,613,273</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144,603,374</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">With special follow-up</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356,361</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: left">Under observation</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356,361</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,153</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355,208</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Troubled</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527,281</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,833,560</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527,281</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,833,560</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">With high risk of insolvency</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149,778</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149,778</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Uncollectible</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,733,908</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495,838</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,982</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160,188</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242,411</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,573,720</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238,445</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;114,108,624</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150,450,335</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 52%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 4%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font: bold 9pt Times New Roman, serif; text-align: right; width: 15%">&nbsp;&nbsp;&nbsp;&nbsp;EXHIBIT B</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">(Continued)</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING TO FINANCIAL PERFORMANCE</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">AND GUARANTEES RECEIVED CONSOLIDATED WITH SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Account</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; background-color: white">CONSUMER AND HOUSING PORTFOLIO</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Normal performance</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;279,241,528</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299,091,175</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109,758</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89,123</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,232,457</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,188,056</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;239,899,313</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256,813,996</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Low risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,485,890</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374,870</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201,737</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,926</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,284,151</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340,944</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Low risk - with special follow-up</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168,656</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100,252</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168,656</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100,252</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Medium risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,087,653</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,493,048</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147,357</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87,276</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,940,296</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,405,772</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">High risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,568,951</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,124,751</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224,824</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190,208</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,344,087</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934,543</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Uncollectible</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438,565</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404,001</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,569</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148,799</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88,026</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287,197</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315,955</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;286,991,243</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302,588,097</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">GRAND TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;401,099,867</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453,038,432</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 39%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 4%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; background-color: white; width: 11%">EXHIBIT C</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white">CONCENTRATION OF LOANS AND OTHER FINANCING</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; background-color: white">CONSOLIDATED WITH SUBSIDIARIES</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
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    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">%&nbsp;&nbsp;of</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">%&nbsp;&nbsp;of</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: center">Number of customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Debt</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">total</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Debt</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">total</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">balance</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">portfolio</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">balance</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: center">portfolio</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">10 largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,630,293</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7.14%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,214,642</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">11.75%</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">50 following largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,567,130</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9.37%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,848,747</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">10.56%</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">100 following largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,399,620</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6.33%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,818,324</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5.48%</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">All other customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309,502,824</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">77.16%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327,156,719</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">72.21%</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;TOTAL&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401,099,867</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">100.00%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453,038,432</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">100.00%</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  </TABLE>

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  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 24%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; background-color: white; width: 9%">EXHIBIT D</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="11" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">BREAKDOWN BY TERM OF LOANS AND OTHER FINANCING</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="11" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED WITH SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif; text-align: center">(stated in thousands of pesos in constant currency - Note 3) (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; background-color: white; text-align: center">Terms remaining to maturity</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Portfolio</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">6</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">12</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">24</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">More than</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; background-color: white">ITEM</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">due</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">month</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">24</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;740</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: right">740</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;611,197</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;635,565</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;739,942</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,405,203</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,127,090</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,454,825</TD>
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: right">7,973,822</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Non-financial private sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,153,988</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;181,052,127</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;56,576,542</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;46,077,554</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;44,517,910</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;37,748,053</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;62,223,130</TD>
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: right">434,349,304</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;TOTAL</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">6,153,988</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">181,664,064</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">57,212,107</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">46,817,496</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">46,923,113</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">38,875,143</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">64,677,955</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;442,323,866</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: 8pt Times New Roman, serif">(1) These balances are total contractual cash flows and, therefore, include principal, accrued and to be accrued interest and charges.</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 29%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 8%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 8%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">EXHIBIT F</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 7.5pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 7.5pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: bold 12pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">PROPERTY AND EQUIPMENT</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: bold 12pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">CONSOLIDATED WITH
    SUBSIDIARIES</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: 12pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">FOR THE FISCAL YEAR
    ENDED DECEMBER 31, 2021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font-family: Times New Roman, serif; text-align: center">(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; vertical-align: bottom; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">Impairment</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="4" ROWSPAN="2" STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">Depreciation</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Original</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Total</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">ITEM</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">value at the</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">estimated</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Residual value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">beginning</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">useful life</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Additions</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Derecognitions</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Loss</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Accumulated</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Derecognitions</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">For the year</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">At year-end</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">as of 12.31.21</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif; vertical-align: middle; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">of the year</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">in years</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">as of 12.31.20</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Property and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;38,595,811</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">50</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,882,490</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17,003</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">37,694</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,358,582</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17,003</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;909,619</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,251,198</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">37,172,406</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Furniture and facilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,154,656</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">860,906</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">343,501</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,723,884</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">343,499</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,288,460</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,668,845</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,003,216</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Machinery and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,724,100</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">844,139</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,353,457</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,492,699</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,353,457</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,985,324</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,124,566</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,090,216</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Vehicles</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;240,336</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">44,900</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,003</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;153,723</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">14,804</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;38,380</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;177,299</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">94,934</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Right of use of leased properties</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">6,166,313</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">837,314</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">372,992</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,158,586</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">10,490</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,043,796</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,191,892</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,438,743</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Works in progress</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;976,450</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">761,172</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">615,788</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,121,834</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: left">Total Property and Equipment</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;64,857,666</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;6,230,921</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,715,744</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">37,694</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;13,887,474</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;2,739,253</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;5,265,579</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">16,413,800</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">50,921,349</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">INVESTMENT PROPERTY</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 29%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" ROWSPAN="5" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">ITEM</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Depreciation</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Original</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Total</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">estimated</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Residual value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">at the beginning</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">useful life</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Accumulated</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">For the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">At year-end</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">of the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">in years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Leased property</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,820,425</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">50</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170,833</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48,147</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,980</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,601,445</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other investment property</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,172</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,563</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,097</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,660</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198,512</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: left">Total Investment Property</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,049,597</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196,396</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,244</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249,640</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,799,957</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 12pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 12pt Times New Roman, serif; text-align: right">EXHIBIT G</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 24%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: bold 12pt Times New Roman, serif; text-align: center">INTANGIBLE ASSETS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: bold 12pt Times New Roman, serif; text-align: center">CONSOLIDATED WITH SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: 12pt Times New Roman, serif; text-align: center">FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="5" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">ITEM</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD COLSPAN="4" ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Amortization</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Original</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Total</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value at the</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">estimated</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Residual value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">beginning</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">useful life</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Additions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Derecognitions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Accumulated</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Derecognitions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">For the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">At year-end</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.21</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">of the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">in years</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">as of 12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Licenses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">3,750,568</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;1,812,002</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;864,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,405,092</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599,288</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216,247</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,022,051</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;3,675,594</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Total Intangible Assests&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,750,568</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;1,812,002</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;864,925</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,405,092</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599,288</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216,247</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,022,051</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;3,675,594</TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 14.2pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: right; width: 40%">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: center; width: 12%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; background-color: white">EXHIBIT H</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">DEPOSITS CONCENTRATION</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED WITH SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">% of</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">% of</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; text-align: center">Number of customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Debt</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">total&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Debt</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">total&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">portfolio</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">portfolio</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">10 largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75,905,836</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">10.72%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71,017,639</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9.84%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">50 following largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78,956,490</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">11.15%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60,685,373</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8.41%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">100 following largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,340,846</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4.85%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,411,205</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5.32%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">All other customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;519,133,013</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">73.28%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;551,723,628</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">76.43%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;TOTAL&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;708,336,185</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">100.00%</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;721,837,845</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">100.00%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right; width: 42%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: left; width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: right; background-color: white">EXHIBIT I</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font: bold 10pt Times New Roman, serif; background-color: white; text-align: center">BREAKDOWN OF FINANCIAL LIABILITIES BY REMAINING TERMS</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED WITH SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font: 10pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font: 10pt Times New Roman, serif; text-align: center">(stated in thousands of pesos in constant currency - Note 3) (1)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif; background-color: white; text-align: center">Terms remaining to maturity</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">6</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">12</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">24</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">more than</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">ITEMS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">month</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">24</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">632,258,410</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">35,191,345</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">54,757,344</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;453,590</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;24,762</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">451</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;722,685,902</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,297,600</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">55,435</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,353,035</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">217,301</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">217,301</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">618,743,509</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">35,135,910</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">54,757,344</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">453,590</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">24,762</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;451</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">709,115,566</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: left">Derivative instruments</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;314,215</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">314,215</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: left">Other financial liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">60,542,585</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;239,261</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;323,125</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;582,332</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;857,520</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">3,454,147</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;65,998,970</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">7,338,168</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;317,851</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">1,363,047</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">1,743,944</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">2,359,425</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;217,196</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;13,339,631</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: left">Corporate bonds issued</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;100,595</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;100,595</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;201,190</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;100,595</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">502,975</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">700,453,378</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">35,849,052</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">56,544,111</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">2,981,056</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,342,302</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,671,794</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;802,841,693</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="8" STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom">(1) These balances are total contractual cash flows and, therefore, include principal, accrued and to be accrued interest and charges.</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: bold 9pt Times New Roman, serif">EXHIBIT J</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="12" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">PROVISIONS</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="12" STYLE="font: bold 9pt Times New Roman, serif; vertical-align: middle; text-align: center">CONSOLIDATED WITH SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Decreases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; text-align: center">Accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Balances</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: center">Monetary gain/loss derived from provisions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Balances</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">at the beginning</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Increases</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">Reversals</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">Uses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">as of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">of the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left; background-color: white">INCLUDED IN LIABILITIES</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;- Provisions for contingent commitments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,059,740</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;709,704</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom; text-align: center">(1)(3)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,203,673</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: center">(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(712,118)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;853,653</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;- For administrative, disciplinary and criminal penalties</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">7,547</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(2,547)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,000</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;- Provisions for reorganization</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,062,850</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,264,607</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom; text-align: center">(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;295,948</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,899,922</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(788,154)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,343,433</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;- Provisions for termination plans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;214,256</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;129,666</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom; text-align: center">(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(80,708)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;263,214</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;- Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">11,975,673</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,463,412</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: center">(1) (2)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">6,719,189</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom; text-align: center">(4)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;625,024</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,947,053)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,147,819</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">TOTAL PROVISIONS</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">17,320,066</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">4,567,389</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">8,218,810</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">3,524,946</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">(4,530,580)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">5,613,119</TD></TR>
</TABLE>

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  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; background-color: white; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 8pt Times New Roman, serif">(1)</TD>
    <TD COLSPAN="12" STYLE="font: 8pt Times New Roman, serif; text-align: left">See Note 27.</TD></TR>
  <TR>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: top">(2)</TD>
    <TD COLSPAN="12" STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: left">It includes an increase of 1,384 corresponding to subsidiary Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A. (in liquidation proceedings) recorded in Administrative Expenses.<BR>
It includes an increase of 394 corresponding to subsidiary BBVA Asset Management ArgentinaS.A.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 8pt Times New Roman, serif">(3)</TD>
    <TD COLSPAN="12" STYLE="font: 8pt Times New Roman, serif; text-align: left">It includes an increase of 14,512 corresponding to the exchange difference of foreign currency provisions for contingent commitments.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 8pt Times New Roman, serif">(4)</TD>
    <TD COLSPAN="12" STYLE="font: 8pt Times New Roman, serif; text-align: left">It includes 6,716,929 for tax provision reversals (see Note 15.c)) recorded under Income Tax.</TD></TR>
  </TABLE>



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  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif; width: 31%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; width: 18%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; width: 11%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center; width: 10%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: left; width: 10%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: right; width: 10%">EXHIBIT P</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, serif; text-align: center">CONSOLIDATED CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Accounts</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Amortized Cost</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">FV through OCI</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">FV through profit or loss</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Fair value hierarchy</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Statutory measurement</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">FINANCIAL ASSETS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Cash</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;74,253,796</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial institutions and correspondents</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;144,091,124</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,396,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,396,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;780</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Derivative instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,816,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,816,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Argentine Central Bank (BCRA)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;137,548,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;13,058,870</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,905,039</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,905,039</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;740</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,251,812</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;388,440,430</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;22,528,190</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;51,374,570</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;22,908,902</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;16,341,659</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;40,950,803</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;157,138,508</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,912,334</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;74,285,464</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;50,530,793</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;110,853,002</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,041,220</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial assets pledged as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;15,666,596</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,614,463</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,614,463</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: left">Investments in equity instruments</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">36,083</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;2,181,291</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">384,312</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">36,083</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;1,796,979</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">TOTAL FINANCIAL ASSETS</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">799,877,348</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">167,075,561</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;8,299,737</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;58,830,752</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">113,706,347</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;2,838,199</TD></TR>
  </TABLE>



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  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif; width: 31%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; width: 18%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; width: 11%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center; width: 10%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: center; width: 10%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: right; width: 10%">EXHIBIT P</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">(continued)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, serif; text-align: center">CONSOLIDATED CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Accounts</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Amortized Cost</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">FV through OCI</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">FV through profit or loss</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Fair value hierarchy</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Statutory measurement</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">FINANCIAL LIABILITIES</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;13,274,474</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">217,301</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Checking accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;170,416,389</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Savings accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;285,192,056</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Time deposits and investments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;232,740,611</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;6,495,354</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Derivative instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;61,592,426</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;11,758,005</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: left">Corporate bonds issued</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">502,975</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">TOTAL FINANCIAL LIABILITIES</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">782,189,591</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">314,215</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">314,215</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 72%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 12%">EXHIBIT Q</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED BREAKDOWN OF PROFIT OR LOSS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 82%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 18%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">Items</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">Net Financial Income/(Expense)</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">Statutory measurement</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif">Due to measurement of financial assets at fair value through profit or loss</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Income from government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,715,748</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Income from private securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">591,489</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Income from financial derivative instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Forward transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,239,312</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Interest rate swaps</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">48,509</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Options</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(1,182,000)</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: left">Income from other financial assets</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">4,475</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">5,417,533</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Interest and adjustments due to application of effective interest rate of financial assets measured at amortized cost</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Financial Income/(Expense)</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Interest income</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">891,114</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,790,839</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">122,800,896</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;To the financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,060,011</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;To the non-financial private sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">8,467,937</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">14,704,772</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,721,489</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,569,849</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">14,541,326</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">25,555,702</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">957,071</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">50,222,739</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">37,601,941</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">37,482,548</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">119,393</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">166,084,790</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Interest expense</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(87,430,283)</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checking accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(13,802,584)</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(521,980)</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term deposits and investments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(73,101,448)</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(4,271)</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,783,159)</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,831)</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,831)</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Other financial liabilities</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(844,125)</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(91,060,398)</TD>
    </TR>
  </TABLE>



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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 7.1pt; text-indent: 27.05pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 72%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="text-align: right; font-weight: bold; font-family: Times New Roman, serif; width: 12%">EXHIBIT Q</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font-family: Times New Roman, serif">(continued)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED BREAKDOWN OF PROFIT OR LOSS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: left">Interest and adjustments due to application of effective interest rate of financial assets at fair value through OCI</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">Income for the year</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">OCI</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Private debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">156,705</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">29,264</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: left">Government debt securities</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">48,661,783</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">737,383</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">48,818,488</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">766,647</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Commission income</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Income for the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to obligations</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">16,844,265</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,759,761</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to loan commitments and financial guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,400</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">579,338</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">20,482,265</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to insurance</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,971,832</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: left">Linked to foreign trade and exchange transactions</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">2,057,819</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">44,704,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Commission expenses</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Income for the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to transactions with securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(11,969)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to foreign trade and exchange transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(509,937)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Other</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(20,515,281)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(21,037,187)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 7.1pt; text-indent: 27.05pt"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 32%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; font-weight: bold; font-family: Times New Roman, serif; background-color: white; width: 10%">EXHIBIT R</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">ADJUSTMENT TO IMPAIRMENT LOSS - ALLOWANCES FOR LOAN LOSSES</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED WITH GROUP &quot;A&quot; SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">ECL of remaining life of the financial asset</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; text-align: center">Accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Balances</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">ECL for the</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Monetary gain/</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Balances</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">following&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">FI with significant</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">FI with credit</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(loss)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">12 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">increases in</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">impairment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">derived from</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">credit risk</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">allowances</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Other financial assets</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">398,921</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">(24,521)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">51,036</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">(137,380)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">288,056</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;19,322,932</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;(2,523,100)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(986,918)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;4,763,885</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;(7,411,675)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;13,165,124</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">&nbsp;Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;879,310</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(462,127)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(186,609)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(8,022)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(180,895)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;41,657</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">&nbsp;Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;18,443,622</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(2,060,973)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(800,309)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,771,907</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(7,230,780)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;13,123,467</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,894,049</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(113,922)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(901,395)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(1,083,982)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(473,040)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;321,710</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,444,673</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(559,350)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">212,068</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(15,462)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(480,939)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;600,990</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;259,687</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,371</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">351,598</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">268,501</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(147,026)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;735,131</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;96,796</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;5,314</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;17,951</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;19,254</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(40,254)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;99,061</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,917,177</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(234,219)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">166,529</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,634,948</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(916,642)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,567,793</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Credit card loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;8,055,758</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(864,961)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(543,914)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,619,018</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(3,401,533)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,864,368</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;78,718</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,382</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,281</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;41,503</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(39,915)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;93,969</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,696,764</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(297,588)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(115,427)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,288,127</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1,731,431)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,840,445</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Other debt securities</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;260</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">18,044</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(3,194)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>

    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">15,110</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Contingent commmitments</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;2,059,740</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(463,003)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(51,293)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">20,327</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(712,118)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">853,653</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">TOTAL ALLOWANCES</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;21,781,853</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(2,992,580)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,038,211)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,835,248</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(8,264,367)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;14,321,943</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 7.1pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 32%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font-weight: bold; font-family: Times New Roman, serif; background-color: white">EXHIBIT R</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">ADJUSTMENT TO IMPAIRMENT LOSS - ALLOWANCES FOR LOAN LOSSES</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CONSOLIDATED WITH GROUP &quot;C&quot; SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">Decreases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; text-align: center">Accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Balances</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Monetary gain/</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Balances</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Increases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Reversals</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Uses</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(loss) derived from</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">allowances</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">490,249</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">190,423</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(27,520)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(15,462)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(149,773)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;487,917</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">&nbsp;Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;490,249</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;190,423</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(27,520)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(15,462)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(149,773)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;487,917</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;475,543</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;179,983</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(26,296)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(15,462)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(144,416)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;469,352</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,725</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,051</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(942)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(297)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,537</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 1.5%; font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,981</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;9,389</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(282)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(5,060)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;17,028</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">TOTAL ALLOWANCES</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">490,249</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">190,423</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(27,520)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(15,462)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(149,773)</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;487,917</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman,serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 33%">&nbsp;<IMG SRC="bbarfs4q216k_005.jpg" ALT=""></TD>
  <TD STYLE="width: 34%"><P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">KPMG</P>

<P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">Bouchard 710 - 1&deg; piso - C1106ABL</P>

<P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">Buenos Aires, Argentina</P></TD>
  <TD STYLE="width: 33%"><P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">+54 11 4316 5700</P>

<P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">www.kpmg.com.ar</P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin-right: 0; margin-left: 0"></P>

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

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><B>INDEPENDENT AUDITORS&rsquo; REPORT ON CONSOLIDATED
FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: left">To the President and Directors of<BR>
BBVA Argentina S.A.<BR>
Registered office: Av. C&oacute;rdoba 111<BR>
City of Buenos Aires<BR>
Taxpayer identification number [C.U.I.T.] 30-50000319-3</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt"><B><I>Report on the financial statements </I></B></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">We have audited the accompanying consolidated
financial statements of BBVA Argentina S.A. and its subsidiaries (the &ldquo;Entity&rdquo;), which include the consolidated statement
of financial position as of December 31, 2021, the consolidated statements of income, other comprehensive income, changes in shareholders&rsquo;
equity and cash flows for the fiscal year then ended, and explanatory notes and exhibits.</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">The balances and other information for fiscal
year 2020 are an integral part of the referred consolidated financial statements and, therefore, shall be considered in the light of these
financial statements.</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><I>Board of Directors' and Management's responsibility
for the financial statements</I></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">The Board of Directors and Management of the
Entity are responsible for the preparation of the accompanying consolidated financial statements in accordance with the financial reporting
framework established by the Argentine Central Bank (&ldquo;BCRA&rdquo;), which, as indicated in note 2 to the accompanying consolidated
financial statements, is based on the International Financial Reporting Standards (&quot;IFRS&quot;), as approved by the International
Accounting Standards Board (&quot;IASB&quot;), and adopted by the Argentine Federation of Professional Councils of Economic Sciences (&ldquo;FACPCE&rdquo;),
with the exceptions described in the referred note 2. The Board of Directors and Management are also responsible for the design, implementation
and maintenance of internal controls deemed necessary to enable the preparation of consolidated financial statements free from material
misstatements, whether due to fraud or error.</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><I>Auditors&rsquo; responsibility</I></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">Our responsibility is to express an opinion
on these consolidated financial statements based on our audit. We conducted our audit in accordance with the auditing standards set forth
by Technical Resolution No. 37 of the FACPCE and the auditing standards set forth by the BCRA applicable to the audit of financial statements
(&ldquo;Minimum Standards applicable to External Audits&rdquo;). Those standards require that we comply with ethical requirements and
plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit entails performing procedures on a selective basis to obtain audit evidence about the disclosures included in the financial statements.
The selected procedures depend on our professional judgment, including the assessment of the risk of material misstatements in the financial
statements. In performing such risk assessment, we have considered the Entity's existing internal control on the preparation and presentation
of the financial statements in order to select the appropriate auditing procedures in light of the circumstances, but not in order to
render an opinion on the effectiveness of such internal control. An audit also involves assessing the accounting criteria used by the
Entity, the material estimates made by the Board of Directors, and the overall presentation of the financial statements. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</P>


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<P STYLE="font: 10pt/12pt Book Antiqua,serif; margin: 1pt 0 11pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: left"><I>Opinion</I></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">In our opinion, the accompanying consolidated
financial statements present fairly, in all material respects, the consolidated financial position of BBVA Argentina S.A. as of December
31 2021, as well as the results of its operations, changes in shareholders&rsquo; equity and cash flows for the year then ended, in conformity
with the BCRA financial reporting framework described in note 2 to such consolidated financial statements.</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><I>Emphasis of matter</I></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">Without further modifying our opinion, we draw
users&rsquo; attention to the following information disclosed in the accompanying consolidated financial statements:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt">as explained in note 2 to the accompanying consolidated financial statements,
they have been prepared by the Entity&rsquo;s Board of Directors and Management in accordance with the BCRA financial reporting framework.
Such financial reporting framework differs from IFRS as regards the aspects described in notes 2.a), 2.b) and 2.c). </FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><B><I>Information required by other legal and
regulatory standards </I></B></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">In compliance with applicable provisions, we
hereby report that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">the accompanying consolidated financial
statements are pending transcription into the Financial Statements for Reporting Purposes book, and arise from the financial records which
are also pending transcription into the Journal, as described in Note 58 to the accompanying consolidated financial statements;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">the figures of the referred accompanying
consolidated financial statements arise from the application of the consolidation procedures set forth by the BCRA financial reporting
framework derived from the separate financial statements of the companies that comprise the economic group, which are detailed in note
1.1 to the accompanying consolidated financial statements;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">as of December 31, 2021, as described
in note 52 to the accompanying consolidated financial statements, the Entity&rsquo;s shareholders&rsquo; equity and cash contra-account
in eligible assets exceed the minimum amounts required by the Argentine Securities Commission (&ldquo;CNV&rdquo;) for those items;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">we have read the reporting summary (&ldquo;Financial
position items&rdquo;, &ldquo;Statement of Income items&rdquo;, &ldquo;Cash Flow items&rdquo;, &ldquo;Statistical Data&rdquo; and &ldquo;Ratios&rdquo;)
on which, as far as it relates to our area of responsibility, we have no observations.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">e)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">as of December 31, 2021 the accrued
liability for retirement and pension contributions payable to the Argentine Pension Fund System arising from the accounting records was
$ 651,524,475, no amounts being due as of that date; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">f)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">in accordance with the requirements
of Article 21, paragraph e, Section VI, Chapter III, Title II of the CNV rules (NT 2013), we hereby report that:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">&ndash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">the ratio of total professional audit
services rendered by our firm, involving the preparation of reports on financial statements and other special reports or attest reports
on accounting or financial information, and invoiced to the Entity, to the total comprehensive amount invoiced to the Entity, including
such audit services, for fiscal year ended December 31, 2021, is 98%;</FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><IMG SRC="bbarfs4q216k_005.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->127<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">&ndash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">the ratio of total professional audit
services invoiced to the Entity to total professional audit services invoiced to the Entity and its subsidiaries and affiliates is 72%,
and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">&ndash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">the ratio of total professional audit
services invoiced to the Entity to the total comprehensive amount invoiced to the Entity and its subsidiaries and affiliates, including
audit services, is 71%.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0.55pt 0 18.15pt">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman,serif; border-collapse: collapse; width: 30%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="white-space: nowrap"><P STYLE="font: 11pt/12pt Times New Roman,serif; margin-top: 1pt; margin-bottom: 11pt; text-align: center">City of Buenos Aires,
March 3, 2022</P></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="white-space: nowrap; width: 100%"><P STYLE="font: 11pt Times New Roman,serif; margin-top: 0; margin-bottom: 0; text-align: center">&#9;KPMG</P>

<P STYLE="text-align: center; font: 11pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">CPCECABA BOOK 2 PAGE 6</P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="white-space: nowrap"><P STYLE="font: 10pt Times New Roman,serif; margin: 0 0.6pt 0 18.15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0.6pt 0 18.15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0.6pt 0 18.15pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">&#9;Mauricio G. Eidelstein</P>

<P STYLE="text-align: center; font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">&#9;<I>Partner</I></P>

<P STYLE="text-align: center; font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">&#9;Public Accountant (UBA)</P>

<P STYLE="text-align: center; font: 11pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">&#9;CPCECABA BOOK CXX PAGE 228</P></TD></TR>
</TABLE>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 9pt Times New Roman, serif; text-align: center">SEPARATE STATEMENT OF FINANCIAL POSITION</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 9pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; width: 20%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 29%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 13%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: bold 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Notes and Exhibits&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;ASSETS&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Cash and deposits in banks&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,039,466</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,215,671</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;Cash&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,253,791</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93,935,331</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;Financial institutions and correspondents&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143,785,675</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135,280,340</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141,859,808</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129,727,266</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other in the country and abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,925,867</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,553,074</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;Debt securities at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;5 and Exhibit A&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,396,925</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,423,018</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,816,482</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,853,137</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Repo transactions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137,548,495</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,245,015</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Other financial assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,472,667</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,678,071</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Loans and other financing&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360,433,593</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403,358,170</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,064</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,035,639</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,172,998</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348,397,214</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394,175,336</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Other debt securities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184,990,500</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182,034,443</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Financial assets pledged as collateral&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,280,352</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,036,885</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Current income tax assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12 a)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,253,986</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Investments in equity instruments&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;13 and Exhibit A&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,217,374</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,852,107</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;Investments in subsidiaries and associates&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,109,245</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,666,461</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Property and equipment&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,877,728</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,911,326</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Intangible assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,647,026</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,344,059</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Deferred income tax assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12 c)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,157,663</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Other non-financial assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,458,778</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,280,208</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Non-currrent assets held for sale&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302,108</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341,032</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;TOTAL ASSETS&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,012,844,725</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,021,397,266</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
</TABLE>

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    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 20%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 29%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif">Notes and exhibits are an integral part of these separate financial statements.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-indent: -1cm">&nbsp;</P>

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  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 9pt Times New Roman, serif; text-align: center">SEPARATE STATEMENT OF FINANCIAL POSITION</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: bold 9pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 55%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Notes and Exhibits&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;LIABILITIES&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Deposits&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;19 and Exhibit H&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707,183,312</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719,252,312</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>

    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,274,474</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,495,619</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378,393</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,687,046</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693,530,445</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709,069,647</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314,215</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284,818</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Other financial liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60,646,413</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,152,300</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Financing received from the BCRA and other financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,631,038</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,687,315</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Current income tax liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12 b)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,431,409</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Provisions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;Exhibit J&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,525,396</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,231,713</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Deferred income tax liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12 c)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,209,097</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Other non-financial liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,929,009</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,975,821</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;TOTAL LIABILITIES&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853,438,480</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868,015,688</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;EQUITY&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Share capital&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612,710</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612,710</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Non-capitalized contributions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,828,416</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,828,416</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Capital adjustments&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,448,304</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,448,304</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Retained earnings&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,149,318</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130,310,611</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Unappropiated retained earnings&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,512,693)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62,604,420)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Accumulated other comprehensive income/(loss)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696,824</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118,384</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Income for the year&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,183,366</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,667,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;TOTAL EQUITY&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159,406,245</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153,381,578</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;TOTAL LIABILITIES AND EQUITY&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,012,844,725</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,021,397,266</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 20%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 29%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif">Notes and exhibits are an integral part of these separate financial statements.</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-indent: -1cm"></P>


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  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">SEPARATE STATEMENT OF INCOME</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; width: 55%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Notes and Exhibits&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Accumulated as of 12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Accumulated as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Interest income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206,311,027</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170,731,755</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Interest expense&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(87,305,424)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(58,136,336)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net interest income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119,005,603</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112,595,419</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Commission income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,507,416</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,137,401</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Commission expenses&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,904,861)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24,601,038)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net commission income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,602,555</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,536,363</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Net income from financial instruments at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,782,533</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,475,804</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Net income/(loss) from write-down of assets at amortized cost and at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(122,297)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,486,536)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Foreign exchange and gold gains&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,538,945</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,433,098</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Other operating income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,234,441</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,630,402</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Loan loss allowance&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,069,253)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,606,626)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net operating income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149,972,527</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142,577,924</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Personnel benefits&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,716,634)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29,968,399)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Administrative expenses&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31,832,815)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,865,836)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Depreciation and amortization&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,537,568)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,090,058)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Other operating expenses&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25,446,358)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,745,767)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Operating income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,439,152</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,907,864</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Income from associates and joint ventures&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,141,963</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684,468</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Gain/(loss) on net monetary position&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(36,951,259)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,285,094)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Income before income tax&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,629,856</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,307,238</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif">&nbsp;Income tax&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12 c)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553,510</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11,639,665)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,183,366</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,667,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 35%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 9pt Times New Roman, serif">Notes and exhibits are an integral part of these separate financial statements.</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-indent: -35.45pt"></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">EARNINGS PER SHARE</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font: 9pt Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: left">&nbsp;Accounts&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">12.31.21</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 58%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; width: 13%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Numerator:&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Net income attributable to owners of the Parent&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">21,183,366</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">16,667,573</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Net income attributable to owners of the Parent adjusted to reflect the effect of dilution&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">21,183,366</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">16,667,573</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Denominator:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Weighted average of outstanding common shares for the year&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">612,710,079</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">612,710,079</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;Weighted average of outstanding common shares for the year adjusted to reflect the effect of dilution&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">612,710,079</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">612,710,079</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Basic earnings per share (stated in pesos)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">34.5732</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">27.2030</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Diluted earnings per share (stated in pesos) (1)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">34.5732</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">27.2030</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-indent: -35.45pt"></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-indent: -35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(1)</TD><TD>As Banco BBVA Argentina S.A. has not issued financial instruments with dilution effects on earnings per share, basic earnings and
diluted earnings per share are equal.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-indent: -35.45pt">&nbsp;</P>


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  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;SEPARATE STATEMENT OF OTHER COMPREHENSIVE INCOME&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 70%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">Accumulated as of 12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 13%">Accumulated as of 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Net income&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,183,366</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,667,573</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Other comprehensive income components to be reclassified to net income/(loss):&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Share in Other Comprehensive Income from associates and joint ventures at equity method&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Loss for the year on the Share in OCI from associates and joint ventures at equity method&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,563)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(327,887)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,563)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(327,887)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Profit or losses from financial instruments at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Net income from financial instruments at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687,799</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,527,355</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Reclassification adjustment for the period&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107,002</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,486,537</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Income tax&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(199,755)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,124,942)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595,046</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,888,950</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Other comprehensive income components not to be reclassified to income/(loss):&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Income or loss on equity instruments at fair value through OCI (IFRS 9, paragraph 5.7.5)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Net loss on equity instruments at fair value through OCI&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,043)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24,721)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Income tax&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,706</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,043)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22,015)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Total Other Comprehensive net income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578,440</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,539,048</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Total Comprehensive Income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,761,806</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,206,621</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
</TABLE>

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  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 70%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font: 9pt Times New Roman, serif">Notes and exhibits are an integral part of these separate financial statements.</TD></TR>
  </TABLE>



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  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="17" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">SEPARATE STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="17" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">FOR THE YEAR ENDED DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font-family: Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Share</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Non-capitalized</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: center">Other Comprehensive</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center">Retained</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">capital</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">contributions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center">Income</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center">Earnings</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 28%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Outstanding shares</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Share premium</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Losses on financial instruments at fair value through OCI</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Total</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Adjustments to equity</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Unappropriated retained earnings</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Legal reserve</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Optional reserve</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Restated balances at the beginning of the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;39,828,416</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;28,448,304</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;202,888</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(84,504)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;34,004,256</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">96,306,355</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(44,424,154)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">154,894,271</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">Adjusted income from previous years (see Note 2.b) to the consolidated financial statements)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,512,693)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1,512,693)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Adjusted balance at the beginning of the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;39,828,416</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;28,448,304</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;202,888</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(84,504)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;34,004,256</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">96,306,355</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(45,936,847)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">153,381,578</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Total comprehensive income for the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;- Net income</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">21,183,366</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;21,183,366</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;- Other Comprehensive Income for the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;595,046</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(16,606)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">578,440</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;-Distribution of Unappropriated Retained Earnings as per Shareholders' Resolution dated April 20, 2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;Cash dividends (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(8,987,545)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(8,987,545)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;Absorption of accumulated losses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(44,424,154)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">44,424,154</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;-Distribution of Unappropriated Retained Earnings as per Shareholders' Resolution dated November 3, 2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;Cash dividends (2)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>

    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(6,749,594)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(6,749,594)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">Balances at fiscal year end</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;39,828,416</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;28,448,304</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;797,934</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(101,110)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;34,004,256</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">36,145,062</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">19,670,673</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">159,406,245</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 6pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; width: 21%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="17" STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;(1)&nbsp;&nbsp;&nbsp;It represents $ 11.42 per share</TD></TR>
  <TR>
    <TD COLSPAN="17" STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;(2)&nbsp;&nbsp;&nbsp;It represents $ 10.61 per share</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font-family: Times New Roman, serif">Notes and exhibits are an integral part of these separate financial statements.</TD></TR>
  </TABLE>

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    <TD COLSPAN="17" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">SEPARATE STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="17" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">FOR THE YEAR ENDED DECEMBER 31, 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font-family: Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">2020</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Share</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Non-capitalized</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: center">Other Comprehensive</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center">Retained</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Capital</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">contributions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center">Income</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center">Earnings</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 28%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Outstanding shares</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Share premium</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Losses on financial instruments at fair value through OCI</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Total</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Adjustments to equity</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Unappropriated retained earnings</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Legal reserve</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Optional reserve</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Restated balances at the beginning of the year</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;39,828,416</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;28,448,304</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(7,686,062)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;265,398</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;21,260,631</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">68,793,731</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,039,368</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">155,562,496</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Impact of the implementation of the financial reporting framework established by the BCRA -IFRS 9, paragraph 5.5 (Note 5.4.f) to the Consolidated Financial Statements)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,924,997)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(2,924,997)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Adjusted balance at the beginning of the year</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;39,828,416</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;28,448,304</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(7,686,062)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;265,398</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;21,260,631</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">68,793,731</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,114,371</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">152,637,499</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Total comprehensive income for the year</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Net income</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">16,667,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;16,667,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;- Other Comprehensive Income for the year</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,888,950</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(349,902)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;7,539,048</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;-Distribution of Unappropriated Retained Earnings as per Shareholders' Resolution dated May 15, 2020</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Legal Reserve&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,743,625</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(12,743,625)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Cash dividends (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(4,624,018)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(4,624,018)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">50,975,166</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(50,975,166)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;-Distribution of Unappropriated Retained Earnings as per Shareholders' Resolution dated November 20, 2020</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Cash dividends (2)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(18,838,524)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(18,838,524)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Balances at fiscal period end</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;39,828,416</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;28,448,304</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;202,888</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(84,504)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;34,004,256</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">96,306,355</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(45,936,847)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">153,381,578</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 6pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 21%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; border-top-color: Black; border-top-width: 2pt; background-color: white; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="17" STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;It represents $ 4.08 per share</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font-family: Times New Roman, serif">&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;It represents $ 19.59 per share</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font-family: Times New Roman, serif">Notes and exhibits are an integral part of these separate financial statements.</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">SEPARATE STATEMENT OF CASH FLOWS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Accounts</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Cash flows from operating activities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Income before Income Tax&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,629,856</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,307,238</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Adjustment for total gain/loss on net monetary position for the year&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,951,259</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,285,094</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Adjustments to obtain cash flows from operating activities:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40,276,743</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,156,806</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Depreciation and amortization&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,537,568</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,090,058</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Loan loss allowance&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,069,253</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,606,626</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Effect of foreign exchange changes on cash and cash equivalents&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,050,918</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15,783,279)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Income/(Loss) from put option taken - Prisma Medios de Pagos S.A.&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,182,000</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(750,180)</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;Other adjustments&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,437,004</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,993,581</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 71%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net increases from operating assets:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(301,037,073)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(399,763,002)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Debt securities at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,575,807)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,253,320)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300,409</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,149,155</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Repo transactions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(102,556,643)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(74,245,015)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Loans and other financing&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(111,505,392)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(157,842,544)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(165)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,806,665)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,151,847)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(104,698,562)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(148,690,868)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Other debt securities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(77,184,099)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(101,470,080)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Financial assets pledged as collateral&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,170,007)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19,032,515)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Investments in equity instruments&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888,271</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(334,856)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Other assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,233,805)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,733,827)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Net increases from operating liabilities:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323,608,642</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339,523,078</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Deposits&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271,145,581</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313,834,262</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,616,503</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,457,971</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial sector&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,035,799)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,794,528</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263,564,877</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308,581,763</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Liabilities at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,234</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,193,506)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198,681</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,029,863)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Other liabilities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52,199,146</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,912,185</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Income tax paid&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,305,664)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,891,144)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle">Total cash flows provided by /used in operating activities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117,123,763</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22,381,930)</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">SEPARATE STATEMENT OF CASH FLOWS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Accounts</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="color: #969696; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #969696; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;Cash flows from investing activities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Payments:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,315,209)</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,980,502)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;Purchase of property and equipment, intangible assets and other assets&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,988,627)</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,710,397)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;Other payments related to investing activities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(326,582)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(270,105)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 71%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; vertical-align: bottom; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;Collectios:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,437,661</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940,158</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;Other collections related to investing activities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,437,661</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940,158</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Total cash flows used in investing activities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,877,548)</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,040,344)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Cash flows from financing activities&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Payments:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,462,602)</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12,290,874)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Non-subordinated corporate bonds&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10,723,311)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;BCRA&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,572)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Financing from local financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,523,322)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Other payments related to financing activities&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,540,196)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Leases&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,399,084)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,562,991)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Collections:&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,243</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,886,981</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Non-subordinated corporate bonds&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592,933</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;BCRA&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,243</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">&nbsp;Financing from local financial institutions&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,294,048</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;Total cash flows used in financing activities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,455,359)</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,403,893)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Effect of exchange rate changes on cash and cash equivalents&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,050,918)</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,783,279</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Gain/loss on net monetary position of cash and cash equivalents&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91,916,143)</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(72,599,033)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Total changes in cash flows&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11,176,205)</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91,641,921)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Restated cash and cash equivalents at the beginning of the year (Note 4)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,215,671</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320,857,592</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;Cash and cash equivalents at fiscal year-end (Note 4)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,039,466</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,215,671</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left; width: 71%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #969696; font-family: Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif">Notes and exhibits are an integral part of these separate financial statements.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt"></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt"><B>NOTES TO THE SEPARATE
FINANCIAL STATEMENTS </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt"><B>AS OF DECEMBER 31,
2021 COMPARATIVE WITH THE PREVIOUS FISCAL YEAR<BR>
(Amounts stated in thousands of Argentine pesos in constant currency &ndash;Note 3 to the consolidated financial statements)</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: center; text-indent: -10.7pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: center; text-indent: -10.7pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 10.9pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>1.</B></FONT></TD><TD><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Basis for the preparation of separate financial statements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 49.65pt; text-align: justify">As mentioned in Note 2 to the consolidated financial
statements, BBVA Argentina S.A. (the &ldquo;Bank&rdquo;) presents consolidated financial statements in accordance with the financial reporting
framework set forth by the Argentine Central Bank (BCRA).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 49.65pt; text-align: justify">These financial statements of the Bank are supplementary
to the consolidated financial statements mentioned above and are intended for the purposes of complying with legal and regulatory requirements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>2.</B></FONT></TD><TD><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><B>Criteria for the preparation of the financial statements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 60.7pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 49.65pt; text-align: justify">These financial statements for the fiscal year
ended December 31, 2021 were prepared pursuant to the reporting framework set forth by the BCRA that requires supervised entities to submit
financial statements prepared pursuant to the International Financial Reporting Standards (IFRS) issued by the International Accounting
Standards Board (IASB), with the following exceptions (&ldquo;financial reporting framework set forth by the BCRA&rdquo;):</P>

<P STYLE="font: 12pt/12pt Palatino,serif; margin: 6pt 0 6pt 49.65pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">a)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><U>Impairment of financial assets</U></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 49.65pt; text-align: justify">Pursuant to Communication &ldquo;A&rdquo;
6847 issued by the BCRA, the Entity has applied the expected loss model set forth under paragraph 5.5. of IFRS 9, except for debt instruments
issued by the non-financial government sector which were temporarily excluded from the scope of such standard. If the Entity had applied
the impairment model established in paragraph 5.5. of IFRS 9, its shareholders' equity as of December 31, 2021 and 2020 would have been
reduced by 6,477,114 and 6,683,932, respectively, net of the deferred tax effect.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 49.65pt; text-align: justify">In addition, on March 19, 2020, the BCRA
issued Communication &quot;A&quot; 6938&mdash;which term was subsequently extended by Communication &ldquo;A&rdquo; 7181 dated December
17, 2020&mdash; deferring the application of the impairment model set forth in paragraph 5.5 of IFRS 9 until fiscal years beginning on
or after January 1, 2022 for Group &quot;C&quot; institutions (institutions consolidated by the Bank), which would remain subject to the
impairment model established by the BCRA through Communication &quot;A&quot; 2950, as amended. Such model requires that financial institutions
recognize an allowance for loan losses based on the minimum guidelines set forth by the BCRA.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 49.65pt; text-align: justify"><FONT STYLE="text-decoration: none">The
BCRA, through Communication &ldquo;A&rdquo; 7427 dated December 23, 2021, extended the application of the section referred to in the preceding
paragraph until January 1, 2023, at the option of Group C financial institutions. The entities included in the Bank&rsquo;s consolidation
did not avail of this option.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Palatino,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><U>Measurement of the remaining investment
held in Prisma Medios de Pago S.A.</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify">By means of Memorandum No. 7/2019 dated April
29, 2019, the BCRA established the accounting treatment to be applied to the remaining investment held by the Entity in Prisma Medios
de Pago S.A. recognized under &ldquo;Investments in Equity Instruments&rdquo; as of December 31, 2021 and 2020 and December 31, 2019 (see
Note 16 to the consolidated financial statements).</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">The Bank
accounted for an adjustment to previous years&rsquo; income as required by the BCRA which, subsequent to the date of these financial statements
for the year ended December 31, 2020, required, by means of Memorandum No. 8/2021 dated March 22, 2021, that an adjustment be made to
the fair value recognized in respect of the equity interest in Prisma Medios de Pago S.A. as of December 31, 2020.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">For reporting
purposes only, such adjustment had an impact on &ldquo;Investments in equity instruments&rdquo; by 2,161,004 (decrease) in the separate
statement of financial position, and on &ldquo;Unappropriated retained earnings&rdquo; by 1,512,693 (net decrease in deferred income tax)
in the comparative separate statement of changes in shareholders' equity as of December 31, 2020.</FONT></P>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 2cm; text-align: justify"><FONT STYLE="text-decoration: none">It should
be noted that in estimating the valuation of such equity interest, the Bank followed the guidelines set forth under applicable laws and
regulations, and relied on the valuation report as of December 31, 2020 issued by independent appraisers.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Arial Narrow,sans-serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 0.55pt"><FONT STYLE="font-family: Times New Roman,serif">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif"><U>Memorandum No. 6/2017 on income tax reassessment</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify">On May 29, 2017, the BCRA issued Memorandum No. 6/2017
whereby the Entity was required to account for a provision in liabilities for the reassessment of income tax applying the inflation adjustment
for tax purposes. Had the IFRS treatment been applied, liabilities would have decreased by 8,221,908 as of December 31, 2020 as a result
of the reassessment of income tax for fiscal years 2016, 2017 and 2018. As of December 31, 2021 such provision was reversed pursuant to
Note 15 to the consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The exceptions described above imply a deviation from
IFRS.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">As stated in Note 2 to the consolidated financial
statements, the abovementioned circumstances result in a departure from the IFRS, which has a significant impact and may distort the information
provided in these separate financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Likewise, these separate financial statements contain
the additional information and exhibits required by the BCRA through Communication &ldquo;A&rdquo; 6324.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">To avoid duplication of information already provided,
we refer to the consolidated financial statements regarding:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Functional and presentation currency (Note 3 to the consolidated
financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Accounting judgments and estimates (Note 4 to the consolidated
financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Significant accounting policies and guidelines issued by the
Argentine Central Bank (Note 5 to the consolidated financial statements), except for the measurement of ownership interests in subsidiaries</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Changes in accounting policies and IFRS issued but not yet effective
(Note 6 to the consolidated financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Provisions (Note 27 to the consolidated financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Fair values of financial instruments (Note 43 to the consolidated
financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Segment reporting (Note 44 to the consolidated financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Subsidiaries (Note 45 to the consolidated financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 49.65pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Deposits guarantee regime (Note 50 to the consolidated financial
statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 49.65pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Compliance with the provisions of the Argentine Securities Commission
&ndash; minimum shareholders&rsquo; equity and cash-contra account (Note 52 to the consolidated financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Trust activities (Note 54 to the consolidated financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Mutual funds (Note 55 to the consolidated financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 49.65pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Penalties and administrative proceedings initiated by the BCRA
(Note 56 to the consolidated financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 48.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Accounting records (Note 58 to the consolidated financial statements)</FONT></P>

<P STYLE="font: 12pt/12pt New York,serif; margin: 0 0 6pt 49.65pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Subsequent events (Note 59 to the consolidated financial statements)</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Significant accounting policies</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 30.35pt; text-align: justify">The Bank has consistently applied the accounting
policies described in Note 5 to the consolidated financial statements for the fiscal year ended December 31, 2021 to the fiscal years
presented in these financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 30.35pt; text-align: justify"><U>Investments in subsidiaries</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">Subsidiaries are all entities controlled by the
Bank. The Bank controls an entity if it is exposed to, or has rights to, variable returns from its involvement with the entity and has
the ability to affect those returns</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-align: justify">through its power over the entity. The Bank reassesses
whether it has control when there are changes to one or more of the elements of control.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 6pt 0 0 1cm; text-align: justify">Ownership interest in subsidiaries are accounted
for using the equity method. They are initially recognized at cost, which includes transaction costs. After initial recognition, the financial
statements include the Bank's share in the profit or loss and OCI of investments accounted for using the equity method, until the date
when the control, significant influence or joint control cease.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 30.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 30.35pt; text-align: justify">The financial statements as of December
31, 2021 of the subsidiaries BBVA Asset Management Argentina S.A.U. and Consolidar Administradora de Fondos de Jubilaciones y Pensiones
S.A. (under liquidation proceedings) were adjusted considering the financial reporting framework set forth by the BCRA in order to present
financial information in constant terms.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The financial statements of PSA Finance Argentina
Compa&ntilde;&iacute;a Financiera S.A. and Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A. were prepared pursuant
to the reporting framework set forth by the BCRA for Group &ldquo;C&rdquo; financial institutions, which does not consider the model set
forth in paragraph 5.5 &ldquo;Impairment&rdquo; of IFRS 9 until the fiscal years beginning on or after January 1, 2022, as stated in note
2 to these financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Cash and deposits in banks</B></FONT></TD></TR></TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">BCRA - Current account</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141,859,808</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129,727,266</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Cash</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,253,791</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93,935,331</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Balances with other local and foreign institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,925,867</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,553,074</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,039,466</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,215,671</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Debt securities at fair value through profit or loss</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,396,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,381,603</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Private securities - Corporate bonds</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,415</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,396,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,423,018</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Derivatives</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 36pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">In the ordinary course of business, the Bank carried
out foreign currency forward transactions with daily or upon-maturity settlement of differences, with no delivery of the underlying asset
and interest rate swap transactions. These transactions do not qualify as hedging pursuant to IFRS 9 - Financial Instruments.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">The aforementioned instruments are measured at
fair value and were recognized in the Statement of Financial Position in the item &ldquo;Derivative instruments&rdquo;. Changes in fair
values were recognized in the Statement of Income in &ldquo;Net income/(loss) from measurement of financial instruments at fair value
through profit or loss&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><U>Assets</U></P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Debit balances linked to foreign currency forwards pending settlement in pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,813,384</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,069,007</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Debit balances linked to interest rate swaps: Floating-to-fixed&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,098</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Premiums on put options taken - Prisma Medios de Pago S.A.&nbsp;&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,784,130</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,816,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,853,137</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 8pt">On October 1, 2021, the Bank, together with the other
Class B Shareholders, gave notice of the exercise of the put option and, therefore, started the procedure to sell 49% of the capital stock
in Prisma Medios de Pago S.A. (see Note 16.1 to the Consolidated Financial Statements).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><U>Liabilities</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Credit balances linked to foreign currency forwards pending settlement in pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284,818</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284,818</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">The notional amounts of the forward transactions and foreign currency forwards,
stated in US Dollars (US$) and in Euros as applicable, as well as the base value of rate swaps are reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; background-color: white">Foreign currency forwards</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;Foreign currency forward purchases - US$</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,189,085</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,011,403</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;Foreign currenct forward sales - US$</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,129,832</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978,794</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;Foreign currency forward sales - Euros</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,432</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,834</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Interest rate swaps</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Floating-to-fixed&nbsp;&nbsp;(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  </TABLE>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">(1) Floating: Badlar Rate is the interest rate
for time deposits over 1 (one) million pesos, from 30 to 35 days.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Repo transactions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><U>Reverse repurchase transactions</U></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Amounts receivable from reverse repurchase transactions of BCRA bills with the BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137,548,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,245,015</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137,548,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,245,015</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify"><U>Repurchase transactions</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">No transactions were accounted for in the years
ended December 31, 2021 and 2020.</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>8.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other financial assets</B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 14.2pt; text-align: justify">The breakdown of other financial assets is
as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Measured at amortized cost</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other receivables</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,486,592</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,076,190</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Receivables from sale of ownership interest in Prisma Medios de Pago S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,424,512</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,942,701</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Financial debtors from spot transactions pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,614,126</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,682,087</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Non-financial debtors from spot transactions pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,098</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157,355</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197,522</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208,031</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,730,850</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,066,364</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(258,183)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(388,293)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,472,667</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,678,071</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>9.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Loans and other financing</B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The Bank holds loans and other financing
under a business model for the purpose of collecting contractual cash flows. Therefore, it measures loans and other financing at amortized
cost. Below is a breakdown of the related balance:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157,138,508</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172,881,176</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40,889,671</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,333,194</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Discounted instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,133,603</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,855,759</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,908,902</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,276,295</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,528,190</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,280,711</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Unsecured instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,402,921</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,191,592</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Loans for the prefinancing and financing of exports</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,342,611</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,120,247</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,365,032</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,089,432</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,866,149</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,957,768</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Loans to personnel</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,914,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,214,064</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Receivables from finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,594,134</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,471,085</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Instruments purchased</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,838,046</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,493,874</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,064</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,963,634</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,512,774</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373,886,453</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422,687,807</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,452,860)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19,329,637)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360,433,593</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403,358,170</TD></TR>
  </TABLE>

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


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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B><U>Finance leases</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">The Bank entered into finance lease agreements
related to vehicles and machinery and equipment.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">The following table shows the total gross investment
in the finance leases (lease-purchase agreement) and the current value of the minimum payments to be received thereunder:</P>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 32%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 6%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 14%">Total investment</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 14%">Current value of minimum payments</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 6%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 14%">Total investment</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 14%">Current value of minimum payments</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">Term</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Up to 1 year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,370,218</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746,973</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,596,091</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,071,782</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">From 1 to 2 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,205,982</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722,744</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976,328</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635,466</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From 2 to 3 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,044,786</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755,466</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633,395</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452,162</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">From 3 to 4 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495,064</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364,293</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414,372</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311,675</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From 4 to 5 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,828</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,658</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,122,878</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,594,134</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,620,186</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,471,085</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Principal</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,514,202</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,397,378</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest accrued</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,932</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73,707</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,594,134</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,471,085</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 12pt 0 6pt 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 7.1pt; text-align: justify">A breakdown of loans and other financing according
to credit quality standing pursuant to applicable standards issued by the BCRA is detailed in Exhibit B, while the information on the
concentration of loans and other financing is presented in Exhibit C to these separate financial statements. The reconciliation of the
information included in those Exhibits with the accounting balances is included below.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 7.1pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Total Exhibit B and C</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380,485,884</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431,499,167</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Plus:&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,064</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans to personnel</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,914,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,214,064</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and other items accrued receivable from financial assets with<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;credit value impairment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453,585</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211,732</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Less:&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,452,860)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19,329,637)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Adjustments from effective interest rate</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,833,784)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,532,268)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate bonds</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,395,361)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(436,759)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Loan commitments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,738,183)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10,277,193)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Total loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360,433,593</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403,358,170</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 7.1pt; text-align: justify">Note 47.2 to the consolidated financial statements
contains information on credit risk associated with loans and other financing and allowances measured using the expected credit loss model.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 7.1pt; text-align: justify">As of December 31, 2021 and 2020, the Bank holds
the loan commitments booked in off-balance sheet accounts according to the financial reporting framework set forth by the BCRA:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 7.1pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Liabilities related to foreign trade transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,397,650</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95,724</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Secured loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,344,706</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,811,374</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Unused overdrafts and loans granted</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,141,733</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,239,325</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Guarantees granted</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854,094</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,130,770</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,738,183</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,277,193</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Risks related to the aforementioned loan commitments
are assessed and controlled within the framework of the Bank's credit risks policy.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>10.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other debt securities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 37.8pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 42.55pt; text-align: justify"><B>a) Financial assets measured at amortized
cost</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Corporate bonds under credit recovery transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Allowance for loan losses - Private securities (Exhibit R)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(125)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 42.55pt; text-align: justify"><B>b) Financial assets measured at fair value
through OCI</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 63.8pt; text-align: justify; text-indent: -1cm"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">BCRA Liquidity Bills</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107,693,328</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135,674,610</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,372,170</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,966,011</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Private securities - Corporate bonds</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,359,517</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393,958</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182,034,579</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Allowance for loan losses - Private securities (Exhibit R) (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(136)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182,034,443</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 63.8pt; text-align: justify; text-indent: -1cm"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 14.15pt 0 21.3pt; text-align: justify">(1) Presented in this item in accordance with
the chart of accounts set forth by the BCRA.</P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 14.15pt 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>11.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Financial assets pledged as collateral</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 37.8pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">As of December 31, 2021 and 2020, the Bank pledged
as collateral the following financial assets:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: justify">BCRA - Special guarantee accounts (Note 42.1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,297,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,873,561</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Guarantee trust - Government securities at fair value through OCI</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(2)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,614,463</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,475,296</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: justify">Guarantee trust - USD</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(4)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,287,701</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,300,050</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: justify">Deposits as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">(3)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,080,508</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,387,978</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,280,352</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,036,885</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 6pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 6pt">Special guarantee current accounts opened at the BCRA for transactions related
to the automated clearing houses and other similar entities.</FONT></TD></TR></TABLE>

<P STYLE="font: 6pt Times New Roman,serif; margin: 0 7.05pt 0 46.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 6pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 6pt">Set up as collateral to operate with Rosario Futuros Exchange (ROFEX), Bolsas
y Mercados Argentinos S.A. (BYMA) and Mercado Abierto Electr&oacute;nico S.A. (MAE) on foreign currency forward transactions and futures
contracts. The trust fund consists of government securities.</FONT></TD></TR></TABLE>

<P STYLE="font: 6pt Times New Roman,serif; margin: 0 0 0 46.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 6pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 6pt">Deposits pledged as collateral for activities related to credit card transactions
in the country and abroad, leases and futures contracts.</FONT></TD></TR></TABLE>

<P STYLE="font: 6pt Times New Roman,serif; margin: 0 0 0 46.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 6pt">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 6pt">The trust is composed of dollars in cash as security for activities related
to the transactions of MAE and BYMA.</FONT></TD></TR></TABLE>

<P STYLE="font: 6pt Times New Roman,serif; margin: 0 0 0 36pt">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>12.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Income Tax:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Current income tax assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify; text-indent: -10.9pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify; text-indent: -10.9pt">Breakdown is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify; text-indent: -10.9pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 49%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.20</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Income tax asset</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,253,986</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,253,986</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: -10.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify; text-indent: -10.9pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Current income tax liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 30.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 49%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Income tax provision</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,037,588</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Advances</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,608,835)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Collections and withholdings</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,656</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,431,409</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/12pt Palatino,serif; margin: 6pt 0 6pt 30.35pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Income tax </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 1cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0.5pt 0 1cm; text-align: justify">The breakdown and changes in deferred income tax
assets and liabilities are disclosed below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0.5pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Account</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Changes recognized in</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">As of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">As of 31.12.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Statement of Income</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Statement of OCI</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Otherchanges (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Deferred tax assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Deferred tax liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">At year end</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 35%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Allowance for loan losses</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,114,765</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(906,029)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(450,060)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,758,676</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,758,676</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Provisions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,740,618</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">324,595</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,065,213</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,065,213</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Loans and cards commissions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;415,331</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;92,518</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">507,849</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">507,849</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Organization and other expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(1,264,189)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(925,482)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,189,671)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,189,671)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Property and equipment and Miscellaneous assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(10,078,552)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(4,014,736)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(14,093,288)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(14,093,288)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Debt securities and Investments in equity instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(2,169,814)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(75,398)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(199,755)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,290</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(2,441,677)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(2,441,677)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Derivatives</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;16,907</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(3,839)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,068</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,068</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Inflation adjustment for tax purposes</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,381,672</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1,614,807)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(7,596,948)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,169,917</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,169,917</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">925</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(109)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">816</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;816</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;7,157,663</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(7,123,287)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(199,755)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(8,043,718)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">10,515,539</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(18,724,636)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(8,209,097)</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0.5pt 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0.5pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5pt"><FONT STYLE="font-size: 8pt">Changes in the estimate in relation to the income tax
assessed for the year ended December 31, 2020 (see the paragraph &ldquo;Inflation adjustment for tax purposes fiscal year 2020&quot; in
Note 15 c) to the consolidated financial statements. </FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Palatino,serif; margin: 0 0.5pt 0 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Account</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Changes recognized in</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">As of 12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">As of 12.31.19</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Statement of Income</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Statement of OCI</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Deferred liabilities (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Deferred tax assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Deferred tax liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">At year end</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 40%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Allowance for loan losses</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;6,271,812</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(2,157,047)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,114,765</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,114,765</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Provisions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,179,647</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(439,029)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,740,618</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,740,618</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Loans and cards commissions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;272,229</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">143,102</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">415,331</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">415,331</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Organization and other expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(507,775)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(756,414)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,264,189)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(1,264,189)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Property and equipment and Miscellaneous assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(10,615,687)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">537,135</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,078,552)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(10,078,552)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Debt securities and Investments in equity instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(3,521,872)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,483,387</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(3,122,236)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(9,093)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(2,169,814)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(2,169,814)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Derivatives</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;148,036</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(131,129)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">16,907</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">16,907</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Tax inflation adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;8,581,785</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,799,887</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12,381,672</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12,381,672</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,554</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(629)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">925</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;925</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Balance</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,809,729</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,479,263</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(3,122,236)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(9,093)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">18,500,404</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(11,342,741)</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,157,663</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 1cm">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 8pt">Merger of BBVA Franc&eacute;s Valores
S.A. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 1cm">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 1cm">Breakdown of income tax benefit / (expense):</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 1cm">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center; width: 49%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 17%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Current tax</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,676,797</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17,109,835)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Deferred tax</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,123,287)</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,470,170</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Income tax expense</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553,510</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11,639,665)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The income tax benefit for the year ended December
31, 2021 includes the impact of the calculation of the inflation adjustment for tax purposes and the reversal of the provision required
by the BCRA, as mentioned in the section &ldquo;Income tax&ndash; Inflation adjustment for tax purposes. Fiscal years 2016, 2017 and 2018&rdquo;
of Note 15.c) to the consolidated financial statements</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.5pt 0 1cm; text-align: justify">The Bank&rsquo;s effective tax rate for the year
ended December 31, 2020 was 41%.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7pt 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7pt 0 1cm; text-align: justify">The reconciliation of the income tax&rsquo;s effective
rate is as follows:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center; width: 49%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: center; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 17%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income before income tax</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,629,856</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,307,238</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income tax rate</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">35%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">30%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Tax on taxable income</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,220,450</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,492,171</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Permanent differences:</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-taxable income</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(574,122)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(544,469)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-income tax deductible expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,438</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,543</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Effect of tax rate change</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,473,223</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(428,005)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Securities adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524,623</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66,882</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318,523</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Inflation adjustment for accounting purposes</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,294,833</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,129,186</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Inflation adjustment for tax purposes</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19,396,807)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,392,110)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Reversal of allowance-Action for declaratory judgment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,716,929)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Amending tax return 2020</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(995,478)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(494,797)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income tax (benefit)/expense</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(553,510)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,639,665</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>13.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Investments in equity instruments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">Investments in equity instruments for which the
Bank has no control, joint control or a significant influence are measured at fair value through profit or loss and at fair value through
other comprehensive income. Breakdown is as follows:</P>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>13.1 Investments in equity instruments through
profit or loss</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Prisma Medios de Pago S.A. (Note 16 to the consolidated financial statements)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,796,979</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,370,946</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Private securities - Shares of other non-controlled companies</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438,144</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,181,291</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,809,090</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 43.1pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify"><B>13.2 Investments in equity instruments through
other comprehensive income</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Banco Latinoam&eacute;ricano de Exportaciones S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,553</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,080</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,530</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,937</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,083</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,017</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>14.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Investments in subsidiaries and associates </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 21.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 21.2pt 0 43.1pt; text-align: justify">The Bank has investments in the following
entities over which it has a control or significant influence which are measured by applying the equity method:</P>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 21.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,095,398</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,103,010</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,766,531</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,173,845</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">PSA Finance Arg. C&iacute;a. Financiera S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,176,374</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,171,680</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Rombo Compa&ntilde;&iacute;a Financiera S.A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790,334</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,142,581</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">BBVA Seguros Argentina S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680,318</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672,257</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Interbanking S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319,835</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249,687</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Play Digital S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114,050</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112,296</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Openpay Argentina S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146,685</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Consolidar A.F.J.P. S.A. (undergoing liquidation proceedings)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,720</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,105</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,109,245</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,666,461</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>15.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Property and equipment</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 39.25pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,172,406</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,237,229</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Furniture and facilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,980,400</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,403,159</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Right of use of leased real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,432,603</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,993,484</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Machinery and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,087,864</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,227,395</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Works in progress</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,121,834</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976,450</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Vehicles</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82,621</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73,609</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,877,728</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,911,326</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify">The breakdown of lease assets and liabilities
as well as interest and foreign exchange differences recognized in profit or loss are stated in Note 25 to these separate financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Based on the reports prepared by the independent
appraiser relied upon by the Bank to assess the impairment of its real estate, the carrying amount of the two pieces of real estate exceeds
their recoverable value. Therefore, such amount should be written down to the recoverable value. The impairment loss is disclosed in Note
37 &ndash; Depreciation and amortization, Loss from sale or depreciation of property and equipment.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The impairment loss of assets recorded under the item
&ldquo;Property and equipment&rdquo; is reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: center">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Item</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Impairment</TD></TR>
  <TR>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; width: 60%">Real estate - Lavallol</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,444)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Real estate - Monte Grande</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,250)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37,694)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 42.55pt; text-align: justify">Changes in this account for fiscal year 2021 are
included in Exhibit F, while changes for 2020 are included below.</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Original value as of 01.01.20</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Total estimated useful life in years</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Transfer to Investment Properties</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Additions</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Derecognitions</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Depreciation</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Residual value as of 12.31.2020</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">ITEM</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Accumulated as of 01.01.20</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Transfer</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Derecognitions</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">For the year</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">At year end</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 25%">Property and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;Real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">41,367,429</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">50</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,126</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">174,553</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,951,297</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,184,969</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">537</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,744,089</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">917,165</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,358,582</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">35,237,229</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Furniture and facilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">13,584,816</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">544,629</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,022,769</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,693,424</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,229,980</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,240,073</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,703,517</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">7,403,159</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Machinery and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">9,494,393</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,690,443</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,546,298</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,587,126</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,546,299</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,370,316</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,411,143</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,227,395</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Vehicles</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">334,627</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">30,608</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">144,306</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">266,138</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">144,306</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">25,488</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">147,320</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">73,609</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Right of use of leased properties</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,934,541</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">613,520</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">436,996</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,138,832</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">40,397</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,019,146</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,117,581</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,993,484</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;Works in progress</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">660,705</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">446,552</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">130,807</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">976,450</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">71,376,511</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">5,126</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">3,500,305</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">10,232,473</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">17,870,489</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">537</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">9,705,071</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">5,572,188</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">13,738,143</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">50,911,326</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>16.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Intangible assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0; text-align: center; text-indent: 14.2pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Palatino,serif; margin: 0; text-align: center; text-indent: 14.2pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Licenses - Software</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,647,026</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,344,059</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,647,026</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,344,059</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0; text-align: center; text-indent: 14.2pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Changes in this account for fiscal year 2021 are included
in Exhibit G, while changes for 2020 are included below:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Original value as of 01.01.20</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Total estimated useful life in years</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Additions</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Derecognitions</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Amortization</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Residual value as of 12.31.2020</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">ITEM</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Accumulated as of 01.01.20</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Derecognitions</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">For the year</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">At year end</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 40%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Licenses - Software</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,560,489</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,210,091</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,582,318</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,960,007</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,579,148</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">463,344</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">844,203</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,344,059</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">3,560,489</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;1,210,091</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">1,582,318</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">1,960,007</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">1,579,148</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">463,344</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">844,203</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">2,344,059</TD></TR>
  </TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>17.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other non-financial assets&#9;</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 17pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 17pt; text-align: justify; text-indent: 1cm">Breakdown is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 17pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Prepayments</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,228,938</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,600,619</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Investment properties (Exhibit F)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,799,957</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,853,201</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Tax advances</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877,145</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,352,266</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Advances to personnel</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728,769</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569,954</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Advances to suppliers of goods</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506,322</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473,679</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other miscellaneous assets</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183,963</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355,223</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Assets acquired as security for loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,641</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,258</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123,043</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,008</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,458,778</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,280,208</TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 17pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Investment properties include pieces of real estate
leased to third parties. The average term of lease agreements is 6 years. Subsequent renewals are negotiated with the lessee. The Group
has classified these leases as operating leases, since these arrangements do not substantially transfer all risks and benefits inherent
to the ownership of the assets. The rental income is recognized under &ldquo;Other operating income&rdquo; on a straight-line basis during
the term of the lease.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Changes in Investment properties for fiscal year 2021
are included in Exhibit F, while changes for 2020 are included below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Original value as of 01.01.20</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Total estimated useful life in years</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Additions</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Derecognitions</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Depreciation</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Residual value as of 12.31.2020</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">ITEM</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Accumulated as of 01.01.20</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Derecognitions</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">For the year</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">At year end</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 31%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Leased real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,825,750</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">50</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">199</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">123,429</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">199</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">48,140</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">170,833</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,649,592</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">Other investment properties</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">229,172</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">20,602</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">4,961</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">25,563</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">203,609</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">3,054,922</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">199</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">144,031</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">199</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">53,101</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">196,396</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">2,853,201</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>18.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Non-current assets held for sale</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">It includes pieces of real estate assets in the
Argentine Republic, which the Bank&rsquo;s Board of Directors agreed to sell in the short term.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Property and equipment held for sale</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302,108</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341,032</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302,108</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341,032</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">Based on the reports prepared by the independent appraiser
relied upon by the Bank to assess the impairment of its property, the carrying amount of one piece of real estate exceeds its recoverable
value. Therefore, such amount should be written down to the recoverable value. The impairment loss is disclosed in Note 38 &ndash; Other
operating expenses, Loss from sale or depreciation of investment property and other non-financial assets.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify">The loss impairment for non-current assets held for
sale is reported below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: black 0.5pt solid; text-align: center">Item</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Impairment</TD></TR>
  <TR>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; width: 60%">Real estate held for sale - Fisherton</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38,924)</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38,924)</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Palatino,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>19.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Deposits</B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">The information on concentration of deposits
is disclosed in Exhibit H. Breakdown is as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;13,274,474</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;8,495,619</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">378,393</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;1,687,046</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">693,530,445</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">709,069,647</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Savings accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">285,237,868</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">310,886,048</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Time deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">171,498,975</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">178,187,275</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Checking accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">170,427,578</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">169,952,835</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Investment accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;59,870,670</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;42,119,852</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 3%; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;6,495,354</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;7,923,637</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">707,183,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">719,252,312</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>20.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Liabilities at fair value through profit or loss</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">No transactions were accounted for in the years
ended December 31, 2021 and 2020.</P>

<P STYLE="font: 10pt Palatino,serif; margin: 0; text-align: justify; text-indent: 21.3pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>21.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other financial liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Obligations from financing of purchases</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,699,707</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,836,851</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Collections and other transactions on behalf of third parties</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,220,093</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,113,620</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Lease liabilities (Note 25)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,915,369</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,438,827</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Payment orders pending credit</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,266,591</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,865,794</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Receivables from spot purchases pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,428,526</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,875</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Commissions accrued payable</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,199</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,704</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Credit balance for spot sales pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,168</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,270,098</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,074,760</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,345,531</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60,646,413</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,152,300</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 1cm; text-indent: -7.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>22.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Financing received from the BCRA and other financial institutions</B></FONT></TD></TR></TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Local financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,585,507</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,092,026</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,531</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,000</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Foreign financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,552,289</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,631,038</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,687,315</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>23.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Corporate bonds issued</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 43.1pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">No transactions were accounted for in the years
ended December 31, 2021 and 2020.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>24.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Other non-financial liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 21.3pt; text-align: justify; text-indent: 7.05pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Cash dividends payable (1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,000,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,886,532</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Miscellaneous creditors</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,060,924</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,383,162</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Short-term personnel benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,732,025</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,415,413</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other collections and withholdings</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,559,780</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,782,783</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Advances collected</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,158,690</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,845,404</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other taxes payable</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,353,089</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,306,348</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Long-term personnel benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554,184</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592,837</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Contract liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368,351</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604,402</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Social security payment orders pending settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80,647</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149,944</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,319</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,996</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,929,009</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,975,821</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 21.3pt; text-align: justify; text-indent: 7.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">(1) See Note 30 to the consolidated financial
statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>25.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Leases</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.05pt 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 0; text-align: justify; text-indent: 0.75in"><U>The Bank as lessee</U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">Below is a detail of the amounts related
to rights of use of leased assets and lease liabilities in force as of December 31, 2021 and 2020:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>Rights of use under leases</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">Changes in the item for fiscal year 2021
are disclosed in Exhibit F, while changes for fiscal year 2020 are disclosed in Note 15 &ndash; Property and equipment.</P>

<P STYLE="font: 10pt Palatino,serif; margin: 0 2.45pt 0 35.45pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>Lease liabilities</B></P>

<P STYLE="font: 10pt Palatino,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">Future minimum payments for lease agreements
are as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 18%">In foreign currency</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 16%">In local currency</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 14%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Up to one year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204,461</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,522</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220,983</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255,351</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">From 1 to 5 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,720,507</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">309,741</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,030,248</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,950,611</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">More than 5 years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">648,396</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">15,742</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;664,138</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,232,865</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,915,369</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,438,827</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>Interest and exchange rate difference
recognized in profit or loss</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 31%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 18%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center; width: 14%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Other operating expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Interest on finance lease liabilities (Note 38)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(461,900)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(561,857)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Exchange rate difference</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">Exchange rate loss from finance lease (loss)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,603,626)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: top; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(1,308,771)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Other expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Leases (Note 36)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,088,743)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(2,831,841)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>26.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Share Capital</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">Share capital information is disclosed in Note
30 to the consolidated financial statements.</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>27.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Interest income</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,448,597</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,812,776</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Premiums on reverse repurchase transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,601,941</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,481,314</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on credit card loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,555,702</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,237,184</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Stabilization Coefficient (CER) clause adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,319,527</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,844,224</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,704,772</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,370,046</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,541,326</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,433,958</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Acquisition Value Unit (UVA) clause adjustment</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,383,118</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,188,789</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on other loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,456,059</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,774,155</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,469,022</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,325,445</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on loans to the financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,680,173</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,751,880</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,721,489</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,085,403</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,592,526</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920,341</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Interest on loans for the prefinancing and financing of exports</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978,592</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,157,608</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;810,364</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659,670</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Interest on private securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156,705</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,890</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891,114</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;654,072</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206,311,027</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170,731,755</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>28.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Interest expenses</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Time deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67,674,648</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49,539,747</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Checking accounts deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,802,584</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,677,710</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Acquisition Value Unit (UVA) clause adjustments</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,723,875</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,526,223</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Savings accounts deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521,980</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397,958</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other liabilities from financial intermediation</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416,787</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,728,241</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interfinancial loans received</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158,448</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128,618</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Premiums on reverse repurchase transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,831</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,271</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137,839</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87,305,424</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,136,336</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>29.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Commission income</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,482,265</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,482,385</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Linked to liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,851,744</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,132,925</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From foreign trade and foreign currency transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,057,819</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,980,630</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">From insurance</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,971,832</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,170,045</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Linked to securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579,338</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485,407</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Linked to loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555,018</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880,242</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">From guarantees granted</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,400</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,767</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,507,416</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,137,401</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>30.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Commission expenses</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0; text-align: justify; text-indent: 1cm"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">For credit and debit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,559,900</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,381,598</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">For payment of salaries</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,431,324</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,814,429</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">For foreign trade transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509,937</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420,304</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">For digital sales services</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91,190</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689,834</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">For promotions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52,410</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132,215</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Linked to transactions with securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,969</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,838</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other commission expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,248,131</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,155,820</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,904,861</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,601,038</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0; text-align: justify; text-indent: 1cm"><B>&nbsp;</B></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>31.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Net income / (loss) from financial instruments
carried at fair value through profit or loss</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from foreign currency forward transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,239,312</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,621,400</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income from government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,715,748</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,519,676</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from interest rate swaps</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48,509</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110,524</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income from corporate bonds</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,475</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121,266</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from private securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,043,511)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336,097</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income/(Loss) from put options taken - Prisma Medios de Pago S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,182,000)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750,180</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from call options taken</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,674</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Income/(Loss) from put options taken</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,998)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,782,533</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,475,804</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>32.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 21.2pt"><FONT STYLE="font-size: 10pt"><B>Net (loss) from derecognition of assets carried
at amortized cost and at fair value through other comprehensive income</B></FONT></TD></TR></TABLE>
<P STYLE="font: 10pt Palatino,serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">(Loss) from sale of government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(121,761)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,484,953)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">(Loss ) from sale of private securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(536)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,583)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(122,297)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,486,536)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 39.6pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>33.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Foreign exchange and gold gains (losses)</B></FONT></TD></TR></TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Income from purchase-sale of foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,626,441</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,129,587</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Conversion of foreign currency assets and liabilities into pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,087,496)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303,511</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,538,945</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,433,098</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>34.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other operating income</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Adjustments and interest on miscellaneous receivables</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,525,156</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,841,241</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Rental of safe deposit boxes</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,600,325</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,693,849</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Loans recovered</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,432,780</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,426,045</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Debit and credit card commissions</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374,952</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402,720</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Allowances reversed</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295,948</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980,364</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Punitive interest</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213,964</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146,693</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Income from initial recognition of government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,295</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other operating income</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,776,021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,139,490</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,234,441</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,630,402</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 43.1pt; text-align: justify; text-indent: -7.65pt"><B>&nbsp;</B></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>35.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Personnel benefits</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 43.1pt; text-align: justify; text-indent: -7.65pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Salaries</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,279,868</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,013,007</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Social security withholdings and collections</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,463,796</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,247,938</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other short-term personnel benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,408,305</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,193,475</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Personnel compensation and bonuses</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681,370</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598,471</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Fringe benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568,047</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639,745</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Termination personnel benefits (Exhibit J)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129,666</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124,957</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">Other long-term personnel benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185,582</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150,806</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,716,634</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,968,399</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 43.1pt; text-align: justify; text-indent: -7.65pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>36.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Administrative expenses</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Taxes</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,725,142</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,686,192</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Armored transportation services</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,115,986</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,328,370</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Rentals (Note 25)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,088,743</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,831,841</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Maintenance and repair costs</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,539,664</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,331,803</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Administrative expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,074,352</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,324,335</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Advertising</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,549,150</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,065,032</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Electricity and communications</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,414,631</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,536,981</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other fees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,163,756</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,259,168</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Surveillance services</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,066,955</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,159,401</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Insurance</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378,467</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331,782</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Entertainment and travel expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159,724</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175,088</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Stationery and supplies</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63,632</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101,932</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Directors' and Supervisory Auditors' fees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,415</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81,110</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Other administrative expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,435,198</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,652,801</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,832,815</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,865,836</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>37.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Depreciation and amortization</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Depreciation of property and equipment (Exhibit F and Note 15)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,212,839</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,553,042</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Amortization of rights of use of leased real estate (Exhibit F and Note 15)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,017,467</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,019,146</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Amortization of intangible assets (Exhibit G and Note 16)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207,329</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463,344</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Depreciation of other assets</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,239</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,526</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Loss from sale or depreciation of property and equipment (Note 15)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,694</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,537,568</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,090,058</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><IMG SRC="bbarfs4q216k_002.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->155<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 43.1pt; text-align: justify; text-indent: -7.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>38.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Other operating expenses</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 7.1pt; text-align: justify; text-indent: 14.2pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 61%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; width: 15%">&nbsp;12.31.20&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Turnover tax</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,028,939</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,454,937</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Reorganization expenses (Exhibit J)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,264,607</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,315,002</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Initial recognition of loans</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,968,270</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,635,667</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Contribution to the Deposit Guarantee Fund</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,122,398</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,048,836</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other allowances (Exhibit J)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902,182</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,316,602</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Interest on liabilities from leases (Note 25)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461,900</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561,857</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Claims</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313,234</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129,497</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">Loss from the sale or depreciation of investment properties and other non-financial assets (Note 18)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,924</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Other operating expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,345,904</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,283,369</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,446,358</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,745,767</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 7.1pt; text-align: justify; text-indent: 14.2pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.05pt 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>39.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Related parties</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Palatino,serif; margin: 0 7.05pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 1cm; text-indent: 7.1pt">See Note 46 to the consolidated financial statements.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>40.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-size: 10pt"><B>Restrictions on the payment of dividends </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 36pt; text-align: justify">See Note 48 to the consolidated financial
statements.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>41.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Restricted assets </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 6pt 1cm; text-align: justify">As of December 31, 2021 and 2020, the Bank has
the following restricted assets:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">The Entity applied the following assets as security
for loans agreed under the Global Credit Program for micro, small and medium-sized enterprises granted by the Inter-American Development
Bank (IDB).</FONT></TD></TR></TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 66%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center; width: 18%">12.31.21</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center; width: 16%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Argentine Treasury Bond adjusted by CER. Maturity 2023</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">23,603</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">42,569</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Argentine Treasury Bond adjusted by CER. Maturity 2024</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">111,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">97,357</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">134,603</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">139,926</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 7.1pt 6pt 60.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-size: 10pt">Also, the Entity has accounts, deposits, repo transactions
and trusts applied as guarantee for activities related to credit card transactions, with automated clearing houses, transactions settled
at maturity, foreign currency futures, court proceedings and leases in the amount of 20,280,352 27,036,885 as of December 31, 2021 and
2020, respectively (see Note 11). </FONT></TD></TR></TABLE>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>42.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Minimum cash and minimum capital requirements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 42.55pt"><B>42.1 Minimum cash requirements</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 42.55pt; text-align: justify">The BCRA establishes different prudential
regulations to be observed by financial institutions, mainly regarding solvency levels, liquidity and credit assistance levels.</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 42.55pt; text-align: justify">Minimum cash regulations set forth an obligation
to keep liquid assets in relation to deposits and other obligations recorded for each period. The items included for the purpose of meeting
that requirement are detailed below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: bottom; width: 62%">Items</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 16%">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 16%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">Balances at the BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;BCRA &ndash; current account &ndash; not restricted</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141,859,808</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129,727,266</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;BCRA &ndash; special guarantee accounts &ndash; restricted (Note 11)</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,297,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,873,561</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149,157,488</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136,600,827</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Argentine Treasury Bond in pesos at 22% fixed rate. Maturity May 2022</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,855,036</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Liquidity Bills &ndash; BCRA</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107,693,328</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135,674,610</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279,416,301</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294,130,473</TD></TR>
  </TABLE>



<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0 6pt 42.55pt"><B>42.2 Minimum capital requirements</B></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 0 0 6pt 42.55pt">The regulatory breakdown of minimum capital requirements is
as follows at the above-mentioned dates:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: bottom; width: 62%">Minimum capital requirements</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 16%">12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; background-color: white; width: 16%">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Credit risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,910,608</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44,561,930</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">Operational risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,140,288</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,623,927</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Market risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227,001</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372,032</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Paid-in</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142,146,791</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138,508,035</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Surplus</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84,868,894</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,950,146</TD></TR>
  </TABLE>


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  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font: bold 14pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 11pt">EXHIBIT A</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 45%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 7%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 5%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font: bold 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 11pt">BREAKDOWN OF GOVERNMENT
    AND PRIVATE SECURITIES</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font: 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 11pt">AS OF DECEMBER 31, 2021
    AND 2020</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font: 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 11pt">(Stated
    in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">HOLDING</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">POSITION</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Fair&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Fair</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Book</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Book</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Position with</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Account</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Identification</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">no options</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Options</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Final position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">level</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Local:</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Government Securities - In pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Discount Treasury Bill, maturity 12-31-2021 ARS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5938</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">793,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">793,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">793,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">793,485</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Discount Treasury Bill, maturity 01-31-2022 ARS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5917</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">602,660</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">602,660</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">602,660</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">602,660</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Discount Treasury Bill, maturity 01-29-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5381</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">818,068</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bill, floating rate,maturity 01-29-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5387</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">563,428</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Subtotal Government Securities - In pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;1,396,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,396,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,381,496</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,396,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,396,145</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Government Securities - In foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Argentine Bond in USD STEP UP. Maturity 07-09-2030</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5921</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;107</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Subtotal Government Securities - In foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;107</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Private Securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Corporate Bond Rombo Cia Financiera S.A. Class 42</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">53238</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">780</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;780</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;7,832</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;780</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;780</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Corporate Bond Banco de la Provincia de Bs. As. Class IV</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">32890</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;32,741</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Subtotal Private Securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">780</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;780</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;40,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;780</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;780</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Private Securities - In foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Corporate Bond YPF Class 9 USD</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">54659</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;842</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Subtotal Private Securities - In foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;842</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">TOTAL DEBT SECURITES AT FAIR VALUE THROUGH PROFIT OR LOSS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,396,925</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,396,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,423,018</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,396,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,396,925</TD></TR>
  </TABLE>



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  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font: bold 14pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 11pt">EXHIBIT A</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 11pt">(Continued)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font: bold 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 11pt">BREAKDOWN OF GOVERNMENT
    AND PRIVATE SECURITIES</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font: 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 11pt">AS OF DECEMBER 31, 2021
    AND 2020</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font: 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 11pt">(Stated
    in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 45%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">HOLDING</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">POSITION</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Fair&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Fair</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Book</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Book</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Position with</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Account</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Identification</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">no options</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Options</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Final position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">level</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">OTHER DEBT SECURITIES</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">MEASURED AT FAIR VALUE THROUGH OCI</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Local:</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Government Securities - In pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bonds adjusted by 1.50% CER in pesos. Maturity 03-25-2024</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5493</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,733,272</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,733,272</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8,600,052</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,733,272</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,733,272</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bonds adjusted by 1.30% CER in pesos. Maturity 09-20-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5495</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,809,133</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,809,133</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,845,833</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,809,133</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,809,133</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bonds adjusted by 1.40% CER in pesos. Maturity 03-25-2023</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5492/81012</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;9,717,708</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,717,708</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,848,020</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,717,708</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,717,708</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bills adjusted by CER. Maturity 02-28-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5500</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;6,301,920</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,301,920</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,301,920</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">6,301,920</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bonds adjusted by 1.20% CER in pesos. Maturity 03-18-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5491/81034</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,225,658</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,225,658</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,169,886</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,225,658</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,225,658</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bills adjusted by CER. Maturity 05-23-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5936</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,550,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,550,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,550,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,550,000</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bills adjusted by CER. Maturity 04-18-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5934</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,367,239</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,367,239</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,367,239</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,367,239</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bonds adjusted by 1.45% CER in pesos. Maturity 08-13-2023</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5497</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,332,377</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,332,377</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,332,377</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,332,377</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bills adjusted by CER. Maturity 06-30-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5940</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,207,500</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,207,500</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,207,500</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,207,500</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bills adjusted by CER. Maturity 10-21-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5969</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">990,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;990,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;990,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;990,000</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bills adjusted by CER. Maturity 08-16-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5949</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">519,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;519,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;519,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;519,000</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bond in pesos, 22% fixed rate. Maturity May 2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5496</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;21,855,036</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Argentine Treasury Bond adjusted by 1% CER in pesos. Maturity 2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5359</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,760,242</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Treasury Bonds adjusted by 2% CER in pesos. Maturity 11-09-2026</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5925</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;792,302</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Argentine Treasury Bond adjusted by CER in pesos. Maturity 2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5315</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;94,640</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Subtotal Government Securities - In pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;51,753,807</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;51,753,807</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;45,966,011</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;51,753,807</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;51,753,807</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Government Securities - In foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Dollar-linked Treasury Bonds. Maturity 11-30-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5937</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,081,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,081,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,081,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,081,000</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Dollar-linked Treasury Bonds. Maturity 04-28-2023</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5928</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">537,363</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;537,363</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;537,363</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;537,363</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Subtotal Government Securities - In foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;1,618,363</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,618,363</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,618,363</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,618,363</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">BCRA Bills</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 10-28-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13778</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;24,340,800</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;24,340,800</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;24,340,800</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;24,340,800</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 10-14-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13776</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;19,613,817</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;19,613,817</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;19,613,817</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;19,613,817</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 10-26-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13774</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;11,853,132</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;11,853,132</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;11,853,132</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;11,853,132</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 10-12-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13775</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;11,533,109</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;11,533,109</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;11,533,109</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;11,533,109</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 10-07-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13779</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,688,425</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,688,425</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,688,425</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,688,425</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 10-19-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13772</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;9,948,821</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,948,821</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,948,821</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,948,821</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 10-21-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13773</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;9,928,423</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,928,423</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,928,423</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,928,423</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 10-05-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13777</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;9,786,801</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,786,801</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,786,801</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,786,801</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-19-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13672</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;41,423,827</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-05-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13668</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;20,255,587</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-12-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13670</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;17,871,129</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-21-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13673</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;14,757,372</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-26-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13674</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;14,681,883</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-07-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13669</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8,975,509</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-14-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13671</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8,918,225</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-28-2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">13675</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8,791,078</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Subtotal BCRA Bills</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">107,693,328</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;107,693,328</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;135,674,610</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;107,693,328</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;107,693,328</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Private Securities - In Pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate Bond Arcor adjusted by UVA Class 17. Maturity 10-20-2025</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">55692</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">298,763</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;298,763</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;298,763</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;298,763</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate Bond Ledesma Class 10. Maturity 05-27-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">55500</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">259,554</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;259,554</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;259,554</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;259,554</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate Bond in pesos New San Class. Maturity 12-20-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">55856</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">193,103</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;193,103</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;193,103</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;193,103</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate Bond Petroquimica Rivadavia, variable rate, Class G. Maturity 05-31-2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">55388</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;77,687</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;77,687</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;77,687</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;77,687</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate Bond Pan American Energy S.L. Argentine Branch</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">54816</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;393,958</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Subtotal Private Securities - In Pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">829,107</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;829,107</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;393,958</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;829,107</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;829,107</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Private Securities - In foreign currency</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Dollar-linked Corporate Bond Molinos Agro SA. Maturity 05-18-2023</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">55364</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">160,023</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;160,023</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;160,023</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;160,023</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate Bond EN ME PCR Class H&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">55849</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">158,274</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;158,274</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;158,274</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;158,274</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate Bond Oil y Gas.Maturity 08-27-2025</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">55584</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">108,950</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;108,950</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;108,950</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;108,950</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Corporate Bond in USD Luz de Tres Picos. Matrutiy 10-28-2024</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">55710</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">103,163</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;103,163</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;103,163</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;103,163</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Subtotal Private Securities - In foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">530,410</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;530,410</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;530,410</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;530,410</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">TOTAL DEBT SECURITIES MEASURED AT FAIR VALUE THROUGH OCI</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;182,034,579</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;162,425,015</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font: bold 14pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 11pt">EXHIBIT A</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 11pt">(Continued)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font: bold 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 11pt">BREAKDOWN OF GOVERNMENT
    AND PRIVATE SECURITIES</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font: 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 11pt">AS OF DECEMBER 31, 2021
    AND 2020</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font: 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 11pt">(Stated
    in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left; width: 45%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">HOLDING</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">POSITION</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Fair&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Fair</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Book</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Book</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Position with</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Account</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Identification</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">no options</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Options</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Final position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">level</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">OTHER DEBT SECURITIES (Continued)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">MEASURED AT AMORTIZED COST</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Government Securities - In Pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Argentine Treasury Bond in pesos, 22% fixed rate. Maturity May 2022</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">5496</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;22,565,485</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Subtotal Government Securities - In pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-family: Times New Roman, serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;22,565,485</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Private Securities - In pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Corporate Bond EXO. S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;125</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Subtotal Private Securities - In Pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;125</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">TOTAL DEBT SECURITIES MEASURED AT AMORTIZED COST</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;125</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;22,565,485</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">TOTAL OTHER DEBT SECURITIES</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;184,990,500</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;184,990,500</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;182,034,704</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;184,990,500</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;184,990,500</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>

    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">EQUITY INSTRUMENTS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Local:</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Private Securities - In pesos</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Prisma Medios de Pago S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,796,979</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,796,979</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,370,946</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,796,979</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,796,979</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BYMA- Bolsas y Mercados Argentina share</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">260,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;260,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;232,450</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;260,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;260,000</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Mercado de Valores de Bs. As. Share</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">124,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;124,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;205,694</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;124,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;124,312</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">239</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;239</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;341</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;239</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;239</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Foreign:</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Private Securities - In foreign currency</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;35,844</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;35,844</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;42,676</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;35,844</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;35,844</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">TOTAL EQUITY INSTRUMENTS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,217,374</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,217,374</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,852,107</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,217,374</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,217,374</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt 39.25pt"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 57%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; font-family: Times New Roman, serif; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; background-color: white; width: 14%">&nbsp;EXHIBIT B</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING TO FINANCIAL&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">PERFORMANCE AND GUARANTEES RECEIVED</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font: 9pt Times New Roman, serif; text-align: center">(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; background-color: white">COMMERCIAL PORTFOLIO</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Normal performance</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">110,175,679</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;143,535,517</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;5,348,977</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,575,269</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">619,257</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;537,594</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">104,207,445</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;141,422,654</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">With special follow-up</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;356,361</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: left">Under observation</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;356,361</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,153</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;355,208</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Troubled</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">527,281</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">2,833,560</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">527,281</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,833,560</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">With high risk of insolvency</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">149,778</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;118</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">149,778</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;118</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Uncollectible</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;1,733,908</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;495,838</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;14,982</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">160,188</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;242,411</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,573,720</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;238,445</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">112,586,646</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;147,221,394</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 21.3pt"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><IMG SRC="bbarfs4q216k_002.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->161<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 57%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; background-color: white; width: 14%">EXHIBIT B</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font-family: Times New Roman, serif; background-color: white">(Continued)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING TO FINANCIAL&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">PERFORMANCE AND GUARANTEES RECEIVED</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; background-color: white">CONSUMER AND HOUSING PORTFOLIO</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Normal performance</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;260,538,249</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;281,022,478</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109,758</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89,123</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,370,220</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;29,187,037</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;234,058,271</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;251,746,318</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Low risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,438,879</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374,172</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163,034</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,228</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,275,843</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340,944</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Low risk - with special follow-up</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168,656</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100,252</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168,656</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100,252</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Medium risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,017,787</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,418,125</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87,735</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,869</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,930,052</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,399,256</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">High risk</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,401,894</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973,981</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86,054</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49,607</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,315,800</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;924,374</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif">Uncollectible</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333,773</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388,765</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,569</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51,399</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75,250</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">No preferred collaterals and counter-guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279,805</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313,495</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;267,899,238</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;284,277,773</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">GRAND TOTAL</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;380,485,884</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;431,499,167</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 21.3pt"></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 34%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font: bold 9pt Times New Roman, serif; text-align: right; background-color: white; width: 12%">EXHIBIT C</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="12" STYLE="font: bold 9pt Times New Roman, serif; text-align: center">CONCENTRATION OF LOANS AND OTHER FINANCING</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: 9pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">% of</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">% of</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; background-color: white; text-align: center">Number of customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Debt</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">total&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Debt</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">total&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">balance</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">portfolio</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">balance</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">portfolio</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">10 largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;32,863,486</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8.64%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,445,734</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.85%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">50 following largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;40,329,928</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">10.60%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51,201,151</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">11.87%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">100 following largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;22,197,260</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5.83%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,972,585</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5.32%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">All other customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;285,095,210</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">74.93%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;301,879,697</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">69.96%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;TOTAL&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;380,485,884</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">100.00%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;431,499,167</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 27%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: right; background-color: white; width: 9%">EXHIBIT D</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">BREAKDOWN BY TERM OF LOANS AND OTHER FINANCING</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements) (1)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; background-color: white; text-align: center">Terms remaining to maturity</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Portfolio</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">6</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">12</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">24</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">more than</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif; background-color: white">ITEM</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">due</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">month</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">24</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;740</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">740</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,112,424</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,654,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,710,846</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,246,047</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,604,374</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,514,832</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">15,843,448</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Non-financial private sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;6,067,176</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;179,689,475</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;44,018,455</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;40,116,315</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;39,870,418</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;32,834,808</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;59,525,291</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">402,121,938</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;TOTAL</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">6,067,176</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">182,802,639</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">47,673,380</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">41,827,161</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">43,116,465</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">34,439,182</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">62,040,123</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">417,966,126</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 27%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font: 8pt Times New Roman, serif; background-color: white">(1) These balances are total contractual cash flows and, therefore, include principal, accrued and to be accrued interest and charges.</TD></TR>
  </TABLE>

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    <TD COLSPAN="16" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">EXHIBIT E</TD></TR>
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    <TD COLSPAN="16" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">BREAKDOWN OF INVESTMENTS IN OTHER COMPANIES</TD></TR>
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    <TD COLSPAN="16" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
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    <TD COLSPAN="16" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
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    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Issuer Information</TD></TR>
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    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Item</TD>
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    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Shares</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
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    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Data of latest financial statements</TD></TR>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Identification</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Description</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Face</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Votes</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Principal</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Fiscal</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Share capital</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Equity</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Income/(loss)</TD></TR>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Class</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">per</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Number</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: center">Amount</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Business</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">period/year</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">for the</TD></TR>
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    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">per unit</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">share</TD>
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    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
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    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
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    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">end date</TD>
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    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">period/year</TD></TR>
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    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif">FINANCIAL INSTITUTIONS</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif">Subsidiaries</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Local:</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
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  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">30682419578
</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Volkswagen Financial Services C&iacute;a. Financiera S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Common</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">1$</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">457,470,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,095,398</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,103,010</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.31.2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">897,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,108,620</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(14,926)</TD></TR>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">30707847367
</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">PSA Finance Arg. C&iacute;a. Financiera S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Common</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">1000$</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">26,089</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,176,374</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,171,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.31.2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">52,178</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,352,748</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,386</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Subtotal Subsidiaries</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">3,271,772</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">3,274,690</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif">Associates and Joint Ventures</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Local:</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">33707124909
</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Rombo C&iacute;a. Financiera S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Common</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">1000$</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">24,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;790,334</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,142,581</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.31.2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">60,000</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,975,838</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(876,765)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Subtotal Associated and Joint Ventures</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;790,334</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,142,581</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Total in Financial Institutions</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">4,062,106</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">4,417,271</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif">IN SUPPLEMENTARY SERVICE COMPANIES</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif">Subsidiaries</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Local:</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">30663323926
</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Consolidar Administradora deFondos de Jubilacionesy Pensiones S.A. (under liquidation proceedings)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Common</TD>
    <TD STYLE="font-family: Times New Roman, serif">1$</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">83,926,233</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;19,720</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;41,105</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Brokerage Retirement and Pension Funds</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.31.2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">115,739</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">36,591</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(25,965)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">30548590163
</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BBVA Asset Management Argentina S.A. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Common</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">1$</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">242,524</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,766,531</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,173,845</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Mutual Fund Manager</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.31.2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">243</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,766,532</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,208,121</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Subtotal Subsidiaries</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,786,251</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">2,214,950</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif">Associates and Joint Ventures</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Local:</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">30690783521
</TD>
    <TD STYLE="font-family: Times New Roman, serif">Interbanking S.A</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Common</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">1$</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">149,556</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;319,835</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;249,687</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Electronic and IT services for financial markets</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.31.2020</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,346</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,878,531</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,156,416</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Subtotal Associated and Joint Ventures</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;319,835</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;249,687</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Total in Supplementary Services Companies</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">2,106,086</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">2,464,637</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif">IN OTHER COMPANIES</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; font-family: Times New Roman, serif">Associates and Joint Ventures</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Local:</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">30500064230
</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">BBVA Seguros Argentina S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Common</TD>
    <TD STYLE="font-family: Times New Roman, serif">1$</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,301,847</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;680,318</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;672,257</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Insurance</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.31.2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">10,652</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,621,673</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">364,818</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">30716829436
</TD>
    <TD STYLE="font-family: Times New Roman, serif">Play Digital S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Common</TD>
    <TD STYLE="font-family: Times New Roman, serif">1$</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">233,211,885</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;114,050</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;112,296</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Electronic Payment Services</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.31.2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,152,921</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,052,902</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(1,741,020)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">30717168190
</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Openpay Argentina S.A.</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Common</TD>
    <TD STYLE="font-family: Times New Roman, serif">1$</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">144,883,320</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;146,685</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">Electronic Payment Services</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12.31.2021</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,158,140</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,172,544</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(40,711)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Subtotal Associated and Joint Ventures</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;941,053</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;784,553</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Total in Other Companies</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;941,053</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">&nbsp;784,553</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">TOTAL INVESTMENTS IN</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">OTHER COMPANIES</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">7,109,245</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right">7,666,461</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">EXHIBIT F</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 32%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 8%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="font: bold 12pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">PROPERTY AND EQUIPMENT</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="font: 12pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">FOR THE FISCAL YEAR
    ENDED DECEMBER 31, 2021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;(Stated in thousands
    of pesos in constant currency - Note 3 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; vertical-align: bottom; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">Impairment</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="4" ROWSPAN="2" STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">Depreciation</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Original</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Total</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">ITEM</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">value</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">estimated</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Residual value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">at the beginning</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">useful life</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Additions</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Derecognitions</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Loss</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Accumulated</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Derecognitions</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">For the year</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">At year-end</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">as of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">of the year</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">in years</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">as of 12.31.20</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Property and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Real estate</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">38,595,811</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">50</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,882,490</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17,003</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">37,694</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,358,582</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17,003</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;909,619</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,251,198</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">37,172,406</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Furniture and facilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">12,106,676</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;860,905</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">343,501</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,703,517</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">343,501</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,283,664</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,643,680</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;6,980,400</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Machinery and equipment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;6,638,538</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;844,139</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,345,191</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,411,143</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,345,190</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,983,669</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,049,622</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,087,864</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Vehicles&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">220,929</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;44,900</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">11,936</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;147,320</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">11,935</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;35,887</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;171,272</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">82,621</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Right of use of leased property</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;6,111,065</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;819,088</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">368,224</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,117,581</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,722</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,017,467</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,129,326</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;3,432,603</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Works in progress</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">976,450</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;761,172</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">615,788</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,121,834</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: left">Total Property and Equipment</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">64,649,469</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;6,212,694</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,701,643</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;37,694</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">13,738,143</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;2,723,351</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">5,230,306</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">16,245,098</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">50,877,728</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">INVESTMENT PROPERTY</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 29%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" ROWSPAN="5" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">ITEM</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">Depreciation</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Original</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Total</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">estimated</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Residual value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">at the beginning</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">useful life</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Accumulated</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">For the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">At year-end</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">of the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">in years</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Leased property</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,820,425</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">50</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170,833</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48,147</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,980</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,601,445</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other investment property</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,172</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">10</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,563</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,097</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,660</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198,512</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: left">Total Investment Property</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,049,597</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196,396</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,244</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249,640</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,799,957</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">EXHIBIT G</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 30%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 8%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 8%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: bold 12pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">INTANGIBLE ASSETS</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: 12pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">FOR THE FISCAL YEAR
    ENDED DECEMBER 31, 2021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;(Stated in thousands
    of pesos in constant currency - Note 3 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="5" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">ITEM</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="4" ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">Amortization</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; vertical-align: bottom; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Original</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Total</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">value at the</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">estimated</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Residual value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">beginning</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">useful life</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Additions</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Derecognitions</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Accumulated</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">Derecognitions</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">For the year</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">At year-end</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center; padding-left: 3pt">as of 12.31.21</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">of the year</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; padding-left: 3pt">in years</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">as of 12.31.20</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">Licenses - Software</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;3,188,262</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;1,775,933</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844,203</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520,845</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;207,329</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;530,687</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,647,026</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: left">Total Intangible Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;3,188,262</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;1,775,933</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786,482</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844,203</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520,845</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;207,329</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;530,687</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,647,026</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; background-color: white">EXHIBIT H</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
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    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">DEPOSITS CONCENTRATION</TD></TR>
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    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
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    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
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    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
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    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">% of</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">% of</TD>
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    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Number of customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Debt</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">total</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Debt</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">total</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">balance</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">portfolio</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">balance</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">portfolio</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">10 largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75,905,836</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">10.73%</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68,519,393</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">9.53%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">50 following largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77,827,560</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">11.01%</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60,685,373</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">8.44%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">100 following largest customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,340,846</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">4.86%</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,422,045</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5.34%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">All other customers</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;519,109,070</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">73.40%</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;551,625,501</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">76.69%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;TOTAL&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;707,183,312</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">100.00%</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;719,252,312</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">100.00%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: right; background-color: white; width: 10%">EXHIBIT I</TD></TR>
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    <TD STYLE="font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif">&nbsp;</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font: 10pt Times New Roman, serif; text-align: center"><B>BREAKDOWN OF FINANCIAL LIABILITIES BY REMAINING
    TERMS</B></TD></TR>
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    <TD COLSPAN="8" STYLE="font: 10pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
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    <TD COLSPAN="8" STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements) (1)</TD></TR>
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    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
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    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; background-color: white; text-align: center">Terms remaining to maturity</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">3</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">6</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">12</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">24</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">more than</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">ITEMS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">month</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">&nbsp;months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">24</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">months</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">631,906,189</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">34,829,603</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">54,218,839</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;453,590</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;24,762</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">451</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;721,433,434</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;13,297,600</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">55,435</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13,353,035</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;378,393</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">378,393</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;618,230,196</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">34,774,168</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">54,218,839</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">453,590</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">24,762</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;451</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">707,702,006</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: left">Derivative instruments</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;314,215</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">314,215</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: left">Other financial liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">60,535,293</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;239,261</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;323,125</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;582,332</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;857,520</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">3,454,147</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;65,991,678</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">1,631,808</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;1,631,808</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">694,387,505</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">35,068,864</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">54,541,964</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,035,922</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;882,282</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,454,598</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;789,371,135</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: bold 8pt Times New Roman, serif; text-align: center; width: 41%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="8" STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom; background-color: white">(1) These balances are total contractual cash flows and, therefore, include principal, accrued and to be accrued interest and charges.</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt"></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; width: 37%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 4%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: right; font: bold 9pt Times New Roman, serif; width: 8%">EXHIBIT J</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="11" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">PROVISIONS</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="11" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="11" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 9pt Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">Decreases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center; background-color: white">Accounts</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">Balances</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font: 9pt Times New Roman, serif; text-align: center">Monetary gain/loss derived from provisions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Balances</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">at the beginning</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">Increases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">Reversals</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">Uses</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">of the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left; background-color: white">INCLUDED IN LIABILITIES</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;- Provisions for contingent commitments</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,059,740</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">709,704</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom; text-align: center">(1)(5)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,203,673</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: center">(1)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(712,118)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;853,653</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;- For administrative, disciplinary and criminal penalties</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;7,547</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(2,547)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">5,000</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;- Provisions for reorganization</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,062,850</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;2,264,607</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom; text-align: center">(4)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;295,948</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">2,899,922</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(788,154)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">1,343,433</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;- Provisions for termination plans</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;214,256</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">129,666</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: center">(2)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;(80,708)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;263,214</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;- Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;11,887,320</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;1,410,663</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: center">(3)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">6,716,929</TD>
    <TD STYLE="font: 8pt Times New Roman, serif; vertical-align: bottom; text-align: center">(6)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;614,010</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(2,906,948)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">3,060,096</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">TOTAL PROVISIONS</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;17,231,713</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,514,640</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">8,216,550</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,513,932</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(4,490,475)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,525,396</TD></TR>
</TABLE>

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  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; background-color: white; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left; background-color: white; width: 35%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white; width: 4%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; background-color: white; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">(1)</TD>
    <TD COLSPAN="11" STYLE="font: 8pt Times New Roman, serif; text-align: left">Set up in compliance with the provisions of Comunication &quot;A&quot; 2950 and supplementary regulations of the BCRA.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">(2)</TD>
    <TD COLSPAN="11" STYLE="font: 8pt Times New Roman, serif; text-align: left">Set up to cover contingencies referred to private health care plans.</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top">(3)</TD>
    <TD COLSPAN="11" STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: left">Set up to cover for potential contingencies not considered in other accounts (civil, commercial, labor and other lawsuits), and as required by Memorandum 6/2017 issued by the BCRA.</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top">(4)</TD>
    <TD COLSPAN="11" STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: left">See Note 27 to the Consolidated Financial Statements.</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top">(5)</TD>
    <TD COLSPAN="11" STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: left">It includes an increase of 14,512 related to exchange differences in foreign currency provisions for contingent commitments.</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top">(6)</TD>
    <TD COLSPAN="11" STYLE="font: 8pt Times New Roman, serif; vertical-align: middle; text-align: left">It includes 6,716,929 for tax provision reversals (see note 15.c) to the consolidated financial statements) recorded under Income Tax.</TD></TR>
  </TABLE>

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    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font: 12pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font: 12pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font: 12pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font: 12pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="color: red; font: 12pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font: 12pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">EXHIBIT K</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">CAPITAL STRUCTURE</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">SHARES</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">SHARE CAPITAL</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Issued</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">Class</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Number</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Face</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Votes</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Outstanding</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Treasury</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Paid-in</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Value</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">per</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">per share</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">share</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">COMMON</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">612,710,079</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">1</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">612,710</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">612,710</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(1)</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-family: Times New Roman, serif">&nbsp;(1) Registered with the Public Registry of Commerce.</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: bold 12pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">EXHIBIT L</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, serif; width: 38%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; width: 4%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right; width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="11" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">BALANCES
    IN FOREIGN CURRENCY</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">AS OF DECEMBER 31,
    2021 AND 2020</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;(Stated in thousands
    of pesos in constant currency - Note 3 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white; border-bottom: Black 1pt solid">ACCOUNTS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">TOTAL</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">AS OF 12.31.21(per currency)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">AS OF</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">AS OF</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left; background-color: white">ASSETS</TD>
    <TD STYLE="text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">Dollar</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Euro</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Real</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">Other</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;149,810,095</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">144,641,598</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,991,239</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">37,497</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">139,761</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;173,496,132</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;949</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,883,403</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,876,006</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,397</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,334,801</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;19,033,920</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">19,001,344</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">32,576</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">42,155,402</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;13</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">13</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;26</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;168,341</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">168,341</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;623,980</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;18,865,566</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">18,832,990</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">32,576</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">41,531,396</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, serif; text-align: left">Other debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,148,773</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,148,773</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial assets pledged as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,624,419</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">5,624,419</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">7,119,348</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Investments in equity instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;35,844</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">35,844</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;42,676</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: center"><B>TOTAL ASSETS</B></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;179,536,454</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">174,327,984</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;5,031,212</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">37,497</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">139,761</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;226,149,308</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">LIABILITIES</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 8pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;166,277,392</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">163,128,311</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,149,081</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;207,456,770</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,212,294</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,194,578</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17,716</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,489,131</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;34,913</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">34,013</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">900</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;76,828</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;163,030,185</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">159,899,720</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,130,465</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;203,890,811</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;10,274,557</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,825,251</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">432,107</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17,199</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">15,662,319</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;508,751</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">508,751</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,412,396</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other non-financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,125,065</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,102,641</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,022,424</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,498,065</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><B>TOTAL LIABILITIES</B></TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;181,185,765</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">176,564,954</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;4,603,612</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">17,199</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;228,029,550</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 37%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">EXHIBIT
    N</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="14" STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">FINANCIAL
    ASSISTANCE TO RELATED PARTIES</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="14" STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">AS
    OF DECEMBER 31, 2021 AND 2020</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="14" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;(Stated in thousands
    of pesos in constant currency - Note 3 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Situation</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">With</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">Troubled/</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">With high risk</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">Uncollectible</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">Item</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">Normal</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">special</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">Mid</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">of insolvency/</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">Uncollectible</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">for technical</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">follow-up/</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">risk</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">High risk</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">reasons</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">Low risk</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Not due</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Due</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Not due</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">Due</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">1. Loans and other financing</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">9,234,743</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">9,234,743</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">8,166,546</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">- Overdrafts</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">2,541</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">2,541</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">21,224</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">No preferred guarantees or counter guarantees</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">2,541</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">2,541</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">21,224</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">- Mortgage and pledge loans</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;111</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;111</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;205</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">With preferred guarantees and counter guarantees &quot;B&quot;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;111</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;111</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;205</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">- Consumer loans</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">3,110</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">3,110</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">2,992</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">No preferred guarantees or counter guarantees</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">3,110</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">3,110</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">2,992</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">- Credit cards</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">42,227</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">42,227</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">43,047</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">No preferred guarantees or counter guarantees</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">42,227</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">42,227</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">43,047</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">- Other</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">9,186,754</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">9,186,754</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">8,099,078</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-family: Times New Roman, serif">No preferred guarantees or counter guarantees</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">9,186,754</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">9,186,754</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">8,099,078</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">2. Debt securities</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;780</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;780</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">7,832</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">3. Contingent commitments</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">1,360,999</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">1,360,999</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; text-align: right">5,574,438</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle">TOTAL</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">10,596,522</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">10,596,522</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">13,748,816</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle">ALLOWANCES</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">92,355</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">92,355</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">81,744</TD>
    </TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 14pt Times New Roman, serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="17" STYLE="font: bold 14pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 10pt">EXHIBIT O</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 14pt Times New Roman, serif; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: center; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: center; width: 11%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: center; width: 16%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 8%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 14pt Times New Roman, serif; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="18" STYLE="font: bold 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">DERIVATIVES</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="font: bold 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">AS OF DECEMBER
    31, 2020</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="font: 14pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;(Stated in thousands
    of pesos in constant currency - Note 3 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Type of Contract</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Purpose&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Underlying</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Type of</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Scope of&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Weighted average</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Residual</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Weighted average</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Amount</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">of the</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">asset</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">negotiation or</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">term</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">weighted average</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">term of Differences</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">counterparty</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">originally agreed</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">term</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; background-color: white">Settlement</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Times New Roman, serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">SWAPS</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Financial
    transactions own account&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Upon
    maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;RESIDENTS
    IN THE COUNTRY FINANCIAL SECTOR&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">11</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;2</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">19</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;180,000</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">REPO TRANSACTIONS</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Financial
    transactions own account&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Other&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Upon
    maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;RESIDENTS
    IN THE COUNTRY FINANCIAL SECTOR&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">153,630,127</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">FUTURES</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Financial
    transactions own account&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Foreign
    Currency&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Daily
    differences&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;ROFEX&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">4</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;2</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">132,722,678</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 9pt Times New Roman, serif; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">FUTURES</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Financial
    transactions own account&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Foreign
    Currency&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Upon
    maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;RESIDENTS
    IN THE COUNTRY NON-FINANCIAL SECTOR&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;2</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">94</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">125,689,965</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><IMG SRC="bbarfs4q216k_002.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->174<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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  <TR>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; width: 31%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; width: 18%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; width: 11%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; text-align: center; width: 10%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; vertical-align: bottom; text-align: left; width: 10%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; vertical-align: middle; text-align: right; width: 10%">EXHIBIT P</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, serif; text-align: center">CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Accounts</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Amortized Cost</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">FV through OCI</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">FV through profit or loss</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Fair value hierarchy</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Statutory measurement</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">FINANCIAL ASSETS</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Cash</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;74,253,791</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial institutions and correspondents</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;143,785,675</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,396,925</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,396,145</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;780</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Derivative instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,816,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,816,482</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Argentine Central Bank (BCRA)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;137,548,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,730,850</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;740</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,365,032</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;361,520,681</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;22,528,190</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;51,374,570</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;22,908,902</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,866,149</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;40,889,671</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;157,138,508</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,594,134</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;59,220,557</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;22,565,485</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;162,425,015</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;50,530,793</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;110,853,002</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,041,220</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial assets pledged as collateral</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;15,665,889</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,614,463</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,614,463</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Investments in equity instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">36,083</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,181,291</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">384,312</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">36,083</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,796,979</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-bottom: Black 1pt solid">TOTAL FINANCIAL ASSETS</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">780,436,638</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">167,075,561</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">&nbsp;6,394,698</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">&nbsp;56,925,713</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">113,706,347</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">&nbsp;2,838,199</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif; width: 31%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; width: 18%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; width: 11%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; text-align: center; width: 10%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: center; width: 10%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; text-align: right; width: 10%">EXHIBIT P</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, serif; text-align: right">(continued)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, serif; text-align: center">CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: bold 10pt Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Accounts</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Amortized Cost</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">FV through OCI</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">FV through profit or loss</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Fair value hierarchy</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Statutory measurement</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, serif; text-align: center">Level 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">FINANCIAL LIABILITIES</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Non-financial government sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;13,274,474</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">378,393</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Checking accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;170,427,578</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Savings accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;285,237,868</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Time deposits and investments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;231,369,645</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;6,495,354</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Derivative instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">314,215</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: underline; font-family: Times New Roman, serif; text-align: left">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;60,646,413</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,631,038</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: center">TOTAL FINANCIAL LIABILITIES</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">769,460,763</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">-&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">&nbsp;314,215</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">-&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">314,215</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid; text-align: right">-&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 81%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 19%">EXHIBIT Q</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">BREAKDOWN OF PROFIT OR LOSS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">Items</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center">Net Financial Income/(Expense)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">Statutory measurement</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; border-bottom: Black 1pt solid">Due to measurement of financial assets at fair value through profit or loss</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Income from government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,715,748</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Income from private securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,460</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Income from financial derivative instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Forward transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,239,312</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Interest rate swaps</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">48,509</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Options</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(1,182,000)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Income from other financial assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,475</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-bottom: Black 1pt solid">TOTAL</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">4,835,504</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: left; border-bottom: Black 1pt solid">Interest and adjustments due to application of effective interest rate of financial assets measured at amortized cost</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-bottom: Black 1pt solid">Financial Income/(Expense)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Interest income</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">891,114</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Government securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">4,790,839</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">114,212,670</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;To the financial sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">3,680,173</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;To the non-financial private sector</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">8,469,022</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">14,704,772</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,721,489</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,592,526</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">14,541,326</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">25,555,702</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">810,364</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">43,137,296</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">37,601,941</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">37,482,548</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">119,393</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-bottom: Black 1pt solid">TOTAL</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">157,496,564</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Times New Roman, serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Interest expense</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(86,727,358)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checking accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(13,802,584)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(521,980)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term deposits and investments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(72,398,523)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(4,271)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(158,448)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Repo transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(2,831)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(2,831)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other financial liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(416,787)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-bottom: Black 1pt solid">TOTAL</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">(87,305,424)</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 72%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right; width: 12%">EXHIBIT Q</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(continued)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">BREAKDOWN OF PROFIT OR LOSS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font: 9pt Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: left; border-bottom: Black 1pt solid">Interest and adjustments due to application of effective interest rate of financial assets at fair value through OCI</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-bottom: Black 1pt solid">Income for the year</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-bottom: Black 1pt solid">OCI</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Private debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">156,705</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">29,264</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Government debt securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">48,657,758</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">737,383</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: center; border-bottom: Black 1pt solid">TOTAL</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">48,814,463</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; text-align: right; border-bottom: Black 1pt solid">766,647</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left; border-bottom: Black 1pt solid">Commission income</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; border-bottom: Black 1pt solid">Income for the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to obligations</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">16,851,744</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">555,018</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to loan commitments and financial guarantees</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">9,400</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">579,338</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to cards</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">20,482,265</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to insurance</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">1,971,832</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to foreign trade and exchange transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">2,057,819</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; border-bottom: Black 1pt solid">TOTAL</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; border-bottom: Black 1pt solid">42,507,416</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left; border-bottom: Black 1pt solid">Commission expenses</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; border-bottom: Black 1pt solid">Income for the year</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to transactions with securities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(11,969)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Linked to foreign trade and exchange transactions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(509,937)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">(20,382,955)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: center; border-bottom: Black 1pt solid">TOTAL</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right; border-bottom: Black 1pt solid">(20,904,861)</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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    <TD STYLE="font-family: Times New Roman, serif; width: 32%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font-weight: bold; font-family: Times New Roman, serif; background-color: white">EXHIBIT R</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">ADJUSTMENT TO IMPAIRMENT LOSS - ALLOWANCES FOR LOAN LOSSES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-family: Times New Roman, serif; text-align: center">AS OF DECEMBER 31, 2021 AND 2020</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; background-color: white">ECL of remaining life of the financial asset</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif; background-color: white; text-align: center">Accounts</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Balances</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">ECL for the&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Monetarty gain/</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">Balances</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">following&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">FI with significant</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">FI with credit</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">(loss)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">as of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">12 months</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">increase in&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">impairment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">derived from</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">credit risk</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">allowances</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7.5pt Times New Roman, serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Other financial assets</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">388,293</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">(24,521)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">28,204</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">(133,793)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">258,183</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Loans and other financing</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;19,329,637</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;(2,259,959)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(986,918)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;4,784,037</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;(7,413,937)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;13,452,860</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Other financial institutions</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;916,434</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(198,986)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(186,609)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(8,022)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(193,424)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;329,393</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;Non-financial private sector and residents abroad</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;18,413,203</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(2,060,973)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(800,309)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,792,059</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(7,220,513)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;13,123,467</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Overdrafts</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,894,049</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(113,922)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(901,395)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(1,083,982)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(473,040)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;321,710</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Instruments</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,444,673</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(559,350)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">212,068</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(15,462)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(480,939)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;600,990</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Mortgage loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;259,687</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,371</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">351,598</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">268,501</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(147,026)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;735,131</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Pledge loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;96,796</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;5,314</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;17,951</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;19,254</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(40,254)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;99,061</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Consumer loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,917,177</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(234,219)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">166,529</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,634,948</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(916,642)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,567,793</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Credit card loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;8,055,758</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(864,961)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(543,914)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,619,018</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(3,401,533)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;4,864,368</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Finance leases</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;78,718</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;1,382</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;12,281</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;41,503</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(39,915)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;93,969</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,666,345</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(297,588)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">(115,427)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;2,308,279</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;(1,721,164)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;3,840,445</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Other debt securities</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;261</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">18,044</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(3,195)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">15,110</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Contingent commitments</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;2,059,740</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(463,003)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(51,293)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">20,327</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">(712,118)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">853,653</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">TOTAL ALLOWANCES</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;21,777,931</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(2,729,439)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,038,211)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,832,568</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(8,263,043)</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;14,579,806</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">PROJECT FOR THE DISTRIBUTION OF EARNINGS</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">FOR THE FISCAL YEAR ENDED</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: center">DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 3 to the consolidated financial statements)</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;UNAPPROPRIATED RETAINED EARNINGS&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,625,233</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To Legal Reserve&nbsp;&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,934,134)</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;SUBTOTAL 1&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,691,099</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Other Comprehensive Income&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(268,763)</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;Difference between measurement at amortized cost and at fair market value of government debt securities measured at amortized cost&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(480,582)</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left">&nbsp;Item 2, Communication &quot;A&quot; 6946, related to the MiPyME financing program&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(635)</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left; width: 44%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left; width: 4%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: top; text-align: left; width: 20%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; width: 15%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;SUBTOTAL 2&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,941,119</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;DISTRIBUTABLE BALANCE&nbsp;&nbsp;(2) (3)&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,941,119</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;To cash dividends&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;To unappropriated retained earnings&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    </TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 9pt">
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; background-color: white; width: 39%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; vertical-align: bottom; background-color: white; width: 4%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; background-color: white; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; background-color: white; width: 19%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; background-color: white; width: 2%">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, serif; vertical-align: middle; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right; background-color: white; width: 6%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif">&nbsp;(1) It includes Optional Reserve for future distributions of earnings in the amount of 23,954,560&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif">&nbsp;(2) Pursuant to Section 3 - Verification of Liquidity&nbsp;&nbsp;and Solvency and Section 4 - Additional Margins of Capital of revised Text on Distribution of Earnings.</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif">&nbsp;(3) The Board of Directors has decided to postpone the proposal for allocating income for fiscal year 2021 until the next Annual and Extraordinary Shareholders' Meeting.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The distribution of earnings is contingent upon the approval of the Annual and Extraordinary Shareholders' Meeting.&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior approval of the BCRA is required (Note 48 to the Consolidated Financial Statements).&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This project for the distribution of earnings may vary in accordance with the aforementioned authorizations.&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left; background-color: white">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>


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<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 33%"><IMG SRC="bbarfs4q216k_005.jpg" ALT="">&nbsp;</TD>
  <TD STYLE="width: 34%"><P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">KPMG</P>

<P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">Bouchard 710 - 1&deg; piso - C1106ABL</P>

<P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">Buenos Aires, Argentina</P></TD>
  <TD STYLE="width: 33%"><P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">+54 11 4316 5700</P>

<P STYLE="font: 8pt/11pt Univers for KPMG,sans-serif; margin: 0">www.kpmg.com.ar</P></TD></TR>
</TABLE>

<P STYLE="font: 12pt/12pt Palatino,serif; margin: 1pt 0 11pt; text-align: justify"></P>

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

<P STYLE="margin: 0; font-family: Times New Roman,serif"><B>INDEPENDENT AUDITORS&rsquo; REPORT ON SEPARATE FINANCIAL STATEMENTS</B></P>

<P STYLE="margin: 0; font-family: Times New Roman,serif"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: left">To the President and Directors of<BR>
BBVA Argentina S.A.<BR>
Registered office: Av. C&oacute;rdoba 111<BR>
City of Buenos Aires<BR>
Taxpayer identification number [C.U.I.T.] 30-50000319-3</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt"><B><I>Report on the financial statements </I></B></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">We have audited the accompanying separate financial
statements of BBVA Argentina S.A. (the &ldquo;Entity&rdquo;), which include the separate statement of financial position as of December
31, 2021, the separate statements of income, other comprehensive income, changes in shareholders&rsquo; equity and cash flows for the
fiscal year then ended, and explanatory notes and exhibits.</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">The balances and other information for fiscal
year 2020 are an integral part of the referred separate financial statements and, therefore, shall be considered in the light of these
financial statements.</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><I>Board of Directors' and Management's responsibility
for the financial statements</I></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">The Board of Directors and Management of the
Entity are responsible for the preparation of the accompanying separate financial statements in accordance with the financial reporting
framework established by the Argentine Central Bank (&ldquo;BCRA&rdquo;), which, as indicated in note 2 to the accompanying separate financial
statements, is based on the International Financial Reporting Standards (&quot;IFRS&quot;), as approved by the International Accounting
Standards Board (&quot;IASB&quot;), and adopted by the Argentine Federation of Professional Councils of Economic Sciences (&ldquo;FACPCE&rdquo;),
with the exceptions described in the referred note 2. The Board of Directors and Management are also responsible for the design, implementation
and maintenance of internal controls deemed necessary to enable the preparation of separate financial statements free from material misstatements,
whether due to fraud or error.</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><I>Auditors&rsquo; responsibility</I></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">Our responsibility is to express an opinion
on these separate financial statements based on our audit. We conducted our audit in accordance with the auditing standards set forth
by Technical Resolution No. 37 of the FACPCE and the auditing standards set forth by the BCRA applicable to the audit of financial statements
(&ldquo;Minimum Standards applicable to External Audits&rdquo;). Those standards require that we comply with ethical requirements and
plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit entails performing procedures on a selective basis to obtain audit evidence about the disclosures included in the financial statements.
The selected procedures depend on our professional judgment, including the assessment of the risk of material misstatements in the financial
statements. In performing such risk assessment, we have considered the Entity's existing internal control on the preparation and presentation
of the financial statements in order to select the appropriate auditing procedures in light of the circumstances, but not in order to
render an opinion on the effectiveness of such internal control. An audit also involves assessing the accounting criteria used by the
Entity, the material estimates made by the Board of Directors, and the overall presentation of the financial statements. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</P>


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<P STYLE="font: 10pt/12pt Book Antiqua,serif; margin: 1pt 0 11pt; text-align: left">&nbsp;</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: left"><I>Opinion</I></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">In our opinion, the accompanying separate financial
statements present fairly, in all material respects, the financial position of BBVA Argentina S.A. as of December 31 2021, as well as
the results of its operations, changes in shareholders&rsquo; equity and cash flows for the year then ended, in conformity with the BCRA
financial reporting framework described in note 2 to such separate financial statements.</P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><I>Emphasis of matter</I></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">Without further modifying our opinion, we draw
users&rsquo; attention to the following information disclosed in the accompanying separate financial statements:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt">as explained in note 2 to the accompanying separate financial statements,
they have been prepared by the Entity&rsquo;s Board of Directors and Management in accordance with the BCRA financial reporting framework.
Such financial reporting framework differs from IFRS as regards the aspects described in notes 2.a), 2.b) and 2.c). </FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify"><B><I>Information required by other legal and
regulatory standards </I></B></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">In compliance with applicable provisions, we
hereby report that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">the accompanying separate financial
statements are pending transcription into Financial Statements for Reporting Purposes book, and arise from the financial records which
are also pending transcription into Journal, as described in Note 2 to the accompanying separate financial statements;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">as of December 31, 2021, as described
in note 2 to the accompanying separate financial statements, the Entity&rsquo;s shareholders&rsquo; equity and cash contra-account in
eligible assets exceed the minimum amounts required by the Argentine Securities Commission for those items;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">as of December 31, 2021 the accrued
liability for retirement and pension contributions payable to the Argentine Pension Fund System arising from the accounting records was
$ 640,180,867, no amounts being due as of that date; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">in accordance with the requirements
of Article 21, paragraph e, Section VI, Chapter III, Title II of the CNV rules (NT 2013), we hereby report that:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">&ndash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">the ratio of total professional audit
services rendered by our firm, involving the preparation of reports on financial statements and other special reports or attest reports
on accounting or financial information, and invoiced to the Entity, to the total comprehensive amount invoiced to the Entity, including
such audit services, for fiscal year ended December 31, 2021, is 98%;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">&ndash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">the ratio of total professional audit
services invoiced to the Entity to total professional audit services invoiced to the Entity and its subsidiaries and affiliates is 72%,
and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Book Antiqua,serif; margin-top: 1pt; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">&ndash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt">the ratio of total professional audit
services invoiced to the Entity to the total comprehensive amount invoiced to the Entity and its subsidiaries and affiliates, including
audit services, is 71%.</FONT></TD></TR></TABLE>



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<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="white-space: nowrap; width: 100%"><P STYLE="font: 11pt/12pt Times New Roman,serif; margin-top: 1pt; margin-bottom: 11pt; text-align: center">City of Buenos Aires, March
3, 2022</P>

<P STYLE="font: 11pt Times New Roman,serif; margin-top: 0; margin-bottom: 0; text-align: center">&#9;KPMG</P>

<P STYLE="text-align: center; font: 11pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">CPCECABA BOOK 2 PAGE 6</P>

<P STYLE="text-align: center; font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">&#9;Mauricio G. Eidelstein - <I>Partner</I></P>

<P STYLE="text-align: center; font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">&#9;Public Accountant (UBA)</P>

<P STYLE="text-align: center; font: 11pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">&#9;CPCECABA BOOK CXX PAGE 228</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0.55pt 0 18.15pt"></P></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0.55pt 0 18.15pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0.55pt 0 18.15pt">&#9;</P>

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

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><B><U>SUPERVISORY COMMITTEE'S REPORT</U></B></P>

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

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

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">To the Shareholders of</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify"><B>BANCO BBVA ARGENTINA S.A. </B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">Registered Office: Av. C&oacute;rdoba 111</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify"><U>City of Buenos Aires</U></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">In our capacity as members of the Supervisory Committee of
<B>BANCO BBVA ARGENTINA S.A. </B>(hereinafter, either &ldquo;BBVA&rdquo; or the &ldquo;Entity&rdquo;) designated at the Annual and Extraordinary
Shareholders&rsquo; Meeting held on April 20, 2021, and in compliance with the terms of Section 294 of the Argentine Companies Law No.
19550, we have reviewed the annual integrated report and the consolidated statement of financial position as of December 31, 2021, the
related consolidated statements of income, other comprehensive income, changes in shareholders' equity and cash flows for the year then
ended, and certain exhibits and notes thereto, as well as the separate financial statements, which include the separate statement of financial
position as of December 31, 2021, the statements of income, other comprehensive income, changes in shareholders' equity and cash flows,
and certain exhibits and notes thereto.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">The Entity is responsible for the preparation and presentation
of the above-mentioned financial statements in accordance with the accounting standards applicable to financial institutions established
by the Argentine Central Bank (BCRA), as well as for the design, implementation and maintenance of such internal control as the Entity
might deem appropriate to prepare its financial statements free from material misstatements.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Book Antiqua,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt"><B>I.</B></FONT></TD><TD STYLE="padding-left: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt"><B><U>DOCUMENTS SUBJECT TO EXAMINATION</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt/150% Book Antiqua,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2%"></TD><TD STYLE="text-align: right; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">i.</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 94%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Integrated
                                            annual report for the fiscal year ended December 31, 2021.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">ii.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Financial
                                            statements for the fiscal year ended on December 31, 2021, presented on a comparative basis.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">iii.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Consolidated
                                            Statement of Financial Position.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">iv.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Consolidated
                                            Statement of Income.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">v.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Consolidated
                                            Statement of Other Comprehensive Income</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">vi.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Consolidated
                                            Statement of Changes in Shareholders' Equity.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">vii.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Consolidated
                                            Statement of Cash Flows.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">viii.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Notes.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">ix.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Exhibits.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">x.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Separate
                                            Statement of Financial Position.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">xi.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Separate
                                            Statement of Income.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">xii.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Separate
                                            Statement of Other Comprehensive Income.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">xiii.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Separate
                                            Statement of Changes in Shareholders' Equity.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">xiv.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Separate
                                            Statement of Cash Flows.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">xv.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Notes.</FONT></TD></TR>
<TR STYLE="vertical-align: top"><TD></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">xvi.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Exhibits.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Book Antiqua,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt"><B>II.</B></FONT></TD><TD STYLE="padding-left: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt"><B><U>SCOPE OF OUR EXAMINATION</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">We performed our examination in accordance with the terms
of Argentine Companies Law No. 19550, as amended, and to the extent deemed relevant, in accordance with the provisions of Technical Pronouncement
No. 37 issued by the Argentine Federation of Professional Councils in Economic Sciences. Such standards require that we examine the financial
statements referred to in paragraph I in accordance with applicable generally accepted accounting principles in Argentina, and that we
verify the consistency of the documents subject to review with the information on corporate decisions disclosed in minutes, and the compliance
of such decisions with the Law and the corporate by-laws in all formal and documentary aspects.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">In conducting our examination of the documents detailed in
paragraph I, we have examined the work performed by the external auditors KPMG, who issued their auditor report on March 3, 2022 including
an unqualified opinion and an emphasis of matter paragraph concerning
certain issues disclosed in the financial statements, which are described in paragraph III of this report.</P>


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<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">Our work consisted in planning our examination, defining the
nature, scope and timing of the procedures applied, and reviewing the conclusions of the audit performed by such auditors.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">An audit entails performing procedures on a selective basis
to obtain audit evidence about the disclosures included in the financial statements. The selected procedures depend on our professional
judgment, including the assessment of the risk of material misstatements in the financial statements. In performing such risk assessment,
we have considered the Entity's existing internal control on the preparation and presentation of the financial statements in order to
select the appropriate auditing procedures in light of the circumstances, but not in order to render an opinion on the effectiveness of
such internal control. An audit also involves assessing the accounting criteria used by the Entity, the material estimates made by the
Board of Directors, and the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Book Antiqua,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt"><B>III.</B></FONT></TD><TD STYLE="padding-left: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt"><B><U>EMPHASIS OF MATTER</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 0 18pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/12pt Times New Roman,serif; margin: 1pt 0 11pt; text-align: justify">As explained in note 2 to the accompanying financial
statements, they have been prepared by the Entity&rsquo;s Board of Directors and Management in accordance with the BCRA financial reporting
framework. Such financial reporting framework differs from IFRS as regards the aspects described in notes 2.a), 2.b) and 2.c) to the referred
accompanying consolidated financial statements and separate financial statements.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Book Antiqua,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt"><B>IV.</B></FONT></TD><TD STYLE="padding-left: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt"><B><U>OPINION</U></B></FONT></TD></TR></TABLE>
<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">We have examined the Entity's financial statements as of December
31, 2021 and, in our opinion, the accompanying financial statements present fairly, in all material aspects, the financial position of
BBVA Argentina S.A. as of December 31, 2021, as well as their profits and losses, changes in shareholders' equity, and cash flows for
the fiscal year then ended in accordance with the financial reporting framework established by the BCRA which is described in note 2 to
such financial statements. As far as it relates to our area of responsibility, we have no observations about the Board of Directors' Integrated
Annual Report referred to in paragraph I, i), with the forward-looking statements contained therein being the exclusive responsibility
of the Entity's Board.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 6pt 0; text-align: justify"><B><U>INFORMATION REQUIRED BY APPLICABLE PROVISIONS</U>.
</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 6pt 0; text-align: justify">We hereby report that the figures disclosed in the accompanying
financial statements arise from the Entity's financial records which have been kept, in all formal aspects, in accordance with applicable
legal and regulatory standards. Furthermore, the financial statements are pending transcription into the Financial Statements for Reporting
Purposes book, and arise from the financial records which are also pending transcription into the Journal, taking into account the circumstances
described in Note 58 to the accompanying consolidated financial statements and in Note 2 to the separate financial statements.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 6pt 0; text-align: justify">We further represent that, during the reporting year,
we have carried out all duties, to the extent applicable, set forth in Section 294 of Law No. 19550, including attending Board of Directors'
meetings.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">We have also reviewed the compliance with performance bonds
required of directors and they with the provisions of General Resolution No. 7/2015 of the Argentine Superintendence of Corporations (IGJ).</P>


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<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">We further represent that any member of this Supervisory Committee
is individually authorized to sign, on behalf of such committee, all documents referred to in the first paragraph herein and all copies
of this report.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: justify">City of Buenos Aires, March 3, 2022</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 0 36pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 30%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; font: 10pt/150% Book Antiqua,serif; width: 100%; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 11pt; line-height: 150%">ALEJANDRO MOSQUERA</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">
    <P STYLE="font: 11pt/150% Times New Roman,serif; margin-top: 0; margin-bottom: 0; text-align: center">LAWYER</P>
    <P STYLE="font: 11pt/150% Times New Roman,serif; margin-top: 0; margin-bottom: 0; text-align: center">C.P.A.C.F. Volume 30 &ndash; Page 536</P>
    <P STYLE="font: 11pt/150% Times New Roman,serif; margin-top: 0; margin-bottom: 0; text-align: center">C.P.S.I. Volume XXII &ndash; Page 433</P>
    <P STYLE="font: 11pt/150% Times New Roman,serif; margin-top: 0; margin-bottom: 0; text-align: center">On behalf of Supervisory Committee</P>
    </TD></TR>
  </TABLE>


<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 0 36pt; text-align: justify">&nbsp;</P>

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


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<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><B>THE FISCAL YEAR ENDED </B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><B>DECEMBER 31, 2021</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 55pt; text-align: center; text-indent: -55pt"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &ndash;Note 3 to the consolidated financial statements)</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 28.3pt 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">These consolidated financial statements for the
fiscal year ended December 31, 2021 are prepared pursuant to the financial reporting framework established by the BCRA whereby the entities
under its supervision are required to submit financial statements prepared in accordance with the International Financial Reporting Standards
(IFRS) issued by the International Accounting Standards Board (IASB), with the following exceptions (&ldquo;financial reporting framework
set forth by the BCRA&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><U>Impairment
of financial assets</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">Pursuant to Communication &ldquo;A&rdquo; 6847
issued by the BCRA, the Entity has applied the expected loss model set forth under paragraph 5.5. of IFRS 9, except for debt instruments
issued by the non-financial government sector which were temporarily excluded from the scope of such standard. If the Entity had applied
the impairment model established in paragraph 5.5. of IFRS 9, its shareholders' equity as of December 31, 2021 and 2020 would have been
reduced by 6,477,114 and 6,683,932, respectively, net of the deferred tax effect.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">In addition, on March 19, 2020, the BCRA issued
Communication &quot;A&quot; 6938&mdash;which term was subsequently extended by Communication &ldquo;A&rdquo; 7181 dated December 17, 2020&mdash;
deferring the application of the impairment model set forth in paragraph 5.5 of IFRS 9 until fiscal years beginning on or after January
1, 2022 for Group &quot;C&quot; institutions (institutions consolidated by the Bank), which would remain subject to the impairment model
established by the BCRA through Communication &quot;A&quot; 2950, as amended. Such model requires that financial institutions recognize
an allowance for loan losses based on the minimum guidelines set forth by the BCRA.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0; text-align: justify"><FONT STYLE="text-decoration: none">Pursuant to Communication
&ldquo;A&rdquo; 7427 dated December 23, 2021, the BCRA extended the application of the section referred to in the foregoing paragraph
until January 1, 2023 at the option of Group &ldquo;C&rdquo; institutions. The institutions consolidated with the Bank did not exercise
such option.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/12pt Arial Narrow,sans-serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif"><U>Measurement of the remaining investment held in Prisma
Medios de Pago S.A.</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0; text-align: justify"><FONT STYLE="text-decoration: none">By means of Memorandum
No. 7/2019 dated April 29, 2019, the BCRA established the accounting treatment to be applied to the remaining investment held by the Entity
in Prisma Medios de Pago S.A. recognized under &ldquo;Investments in Equity Instruments&rdquo; as of December 31, 2021 and December 31,
2020 (see Note 16 to the consolidated financial statements).</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0; text-align: justify"><FONT STYLE="text-decoration: none">Additionally,
the Bank recognized an adjustment to prior years&rsquo; profits, at the request of the BCRA. By means of Memorandum No. 8/2021 dated March
22, 2021, that is, subsequent to the financial statements as of December 31, 2020, the Bank was required to adjust the fair value recognized
in respect of its equity interest in Prisma Medios de Pago S.A. as of December 31, 2020.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0; text-align: justify"><FONT STYLE="text-decoration: none">For disclosure
purposes only, such adjustment had an impact on the items &ldquo;Investments in Equity Instruments&rdquo; by 2,161,004 (decrease) and
&ldquo;Unappropriated retained earnings&rdquo; by 1,512,693 (net decrease in deferred income tax) in the comparative consolidated statement
of financial position and in the comparative consolidated statement of changes in shareholders&rsquo; equity as of December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>Information not Covered by the
Audit Report on the Consolidated Financial Statements.</I><BR STYLE="clear: both">
</P>


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<P STYLE="font: 10pt/12pt Times New Roman,serif; margin: 6pt 0; text-align: justify"><FONT STYLE="text-decoration: none">In determining
the valuation of such equity interest, the Bank followed the guidelines set out under applicable standards, also considering a valuation
report as of December 31, 2020 issued by independent appraisers.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt/12pt Arial Narrow,sans-serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman,serif">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman,serif"><U>Memorandum No. 6/2017 on income tax reassessment</U></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">On May 29, 2017, the BCRA issued Memorandum No. 6/2017 whereby
the Entity was required to account for a provision in liabilities for the reassessment of income tax applying the inflation adjustment
for tax purposes. Had the IFRS treatment been applied, liabilities would have decreased by 8,221,908 as of December 31, 2020 as a result
of the reassessment of income tax for fiscal years 2016, 2017 and 2018. As of December 31, 2021 such provision was reversed pursuant to
Note 15 to the consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">As a consequence of the application of those standards,
the Bank prepares its financial statements according to the new financial reporting framework set forth by the BCRA as of December 31,
2021 and 2020.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.25pt 0 0; text-align: justify">Banco BBVA Argentina S.A. <FONT STYLE="color: #121212">(NYSE;
MAE; BYMA: BBAR; Latibex: XBBAR) is a subsidiary of the BBVA Group&mdash;its majority shareholder since 1996. In Argentina, it has been
one of the major financial institutions since 1886. BBVA Argentina offers retail and corporate banking services to a broad customer base,
including individuals, small-to-medium sized companies, and large corporations. </FONT>As of December 31, 2021, the Entity's total assets,
liabilities and shareholders' equity amounted to 1,030,194,254; 867,581,541; and 162,612,713; respectively.</P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">The Entity offers its products and services through
a wide multi-channel distribution network with presence in all the provinces in Argentina and the City of Buenos Aires, with more than
2.8 million active customers as of December 31, 2021. That network includes 243 branches providing services to the retail segment and
also to small and medium sized-enterprises and organizations.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">Corporate Banking is divided by industry sector:
Consumers, Heavy Industries and Energy, providing customized services for large companies. To supplement the distribution network, the
Entity has 884 ATMs, 854 self-service terminals, 15 in-company banks, two points of Customer service booths. Moreover, it has a telephone
banking service, a modern, safe and functional Internet banking platform and a mobile banking app. As regards payroll, Banco BBVA Argentina
SA. has 5,863 employees, including 98 employees of BBVA Asset Management Argentina S.A.U., PSA Finance Argentina Compa&ntilde;&iacute;a
Financiera S.A. and Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A. (active employees at the end of the month, including
structural, temporary and expatriate employees).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">The loans portfolio net of allowance for loan losses
totaled $ 379,039,941 as of December 31, 2021, reflecting a 10.10% decrease as compared to the previous year.</P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 2.45pt; margin-left: 0">As it relates to consumer loans,
including personal loans, credit cards, mortgage loans and pledge loans, personal loans decreased the least, by 3.52% compared with December
31, 2021.</P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 2.45pt; margin-left: 0">BBVA Argentina S.A.'s consolidated
market share in private-sector financing was 8.05% at year-end, based on the BCRA's daily information (principal balance as of the last
day of each consolidated quarter).</P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>Information not Covered by the
Audit Report on the Consolidated Financial Statements.</I></P>


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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">In terms of portfolio quality, the Entity has managed
to maintain very good ratios. The irregularly performing ratio (Financings irregularly performing/total financing) was 1.87%, with a coverage
level (total allowances/irregularly performing) of 181.89% as of December 31, 2021.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">The exposure for securities as of December 31,
2021 totaled $ 323,935,920, including repos.</P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 2.45pt; margin-left: 0">In terms of liabilities, customers&rsquo;
resources totaled $ 708,336,185, with a 5.49% increase over the last twelve months.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">BBVA Argentina S.A. consolidated market share in
private deposits reached 6.95% at year-end, based on BCRA&rsquo;s daily information (principal balance as of the last day of each quarter).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify"><B><U>Breakdown of changes in the main income/loss
items</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">BBVA Argentina S.A. recorded an accumulated profit
of 21,162,443 as of December 31, 2021, representing a return on average shareholders' equity of 13.26%, a return on average assets of
2.05%, and a return on average liabilities of 2.42%.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">Accumulated net interest income totaled 123,842,880,
up by 5.38% compared to December 2020. Such increase was driven by increased interest income from repo transactions with the BCRA, premiums
from repo transactions with the financial sector and income from corporate bonds.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">Accumulated net commission income totaled 23,667,493
accounting for a 28.10% increase compared to December 2020. This increase was due to lower commission related to credit and debit cards
and an increase in the line of commissions collected on guarantees granted.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify; color: #121212">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">Accumulated administrative expenses and personnel
benefits totaled <FONT STYLE="color: #121212">63,744,222, up by 7.90% vis-a-vis December 2020. This increase was due to a higher expense
in Other long-term benefits and in insurance and leases.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify; color: #121212">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>Information not Covered by the
Audit Report on the Consolidated Financial Statements.</I></P>


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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify"><B><U>Outlook</U></B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">There was a rebound in economic activity as
the conditions posed by the pandemic improved during the second half of 2021. These developments had a positive impact on the financial
system as a whole, which remains quite strong to face the challenges that still persist in the near term.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">In 2021, the BCRA gradually eased the prudential
measures it had adopted when the pandemic broke out, based on the development of the health emergency and the recovery potential of several
sectors. Inflation remains extremely high and is expected to increase further in 2022, as the negotiations with the IMF to reach a new
financing agreement with Argentina have not been concluded yet. The banking system remains affected by persistently high inflation. As
of December 2021, private lending grew 42% relative to December 2020, while private deposits increased by 51%. On the other hand, in November
2021 the total arrears rate had increased to 4.5% vis-a-vis 4.2% in December 2020.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">BBVA Argentina continues to actively monitor
its businesses, financial position, and results of operations, and believes it is competitively positioned to face the challenges posed
by the prevailing context. The Bank&rsquo;s funding costs are low due to an adequate deposit mix, a strong capital and liquidity position,
and an optimal portfolio quality vis-a-vis the financial system.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">Corporate responsibility is embedded in the Bank&rsquo;s
business model, driving financial inclusion and education, and supporting scientific research and culture. BBVA Argentina operates with
uttermost integrity, long-term vision and best practices, and has a presence among the main sustainability indexes through BBVA Group.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">The Bank&rsquo;s digital transformation process
has started to reach a plateau. Our customers' response was satisfactory, and we are convinced that we are on the right track to maintain
and enhance our competitive position in the financial system.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">As of December 2021, the share of digital customers
rose to 74%, up from 72% at the previous year-end, while the share of mobile customers increased from 60% in 2020 to 64% in 2021. This
trend is stabilizing in light of the fact that customers&rsquo; adoption of digital media had surged due to the pandemic.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify">The Bank&rsquo;s
goal for 2022 will be to maintain its current strength built all over the years, as long as the prevailing uncertainty scenario persists.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2.45pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman,serif; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>Information not Covered by
the Audit Report on the Consolidated Financial Statements.</I><BR STYLE="clear: both"></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">CONSOLIDATED FINANCIAL POSITION ITEMS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">COMPARATIVE WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">(stated in thousands of pesos constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 46%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; background-color: white">12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; vertical-align: bottom; text-align: center; background-color: white">12.31.19</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Total Assets</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,030,194,254</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,038,430,226</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;928,010,731</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Total Liabilities</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867,581,541</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881,821,257</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;772,131,397</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Shareholders' Equity</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159,406,245</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153,381,578</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;152,637,770</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">Minority Interest</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,206,468</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,227,391</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,241,564</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Total Liabilities + Shareholders' Equity +<BR>
Minority Interest</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,030,194,254</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,038,430,226</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;928,010,731</TD>
    </TR>
  </TABLE>
<P STYLE="font: 12pt Palatino,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0"></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: center">CONSOLIDATED STATEMENT OF INCOME ITEMS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: center">COMPARATIVE WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: center">(stated in thousands of pesos constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.19</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Net interest income</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;123,842,880</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117,518,183</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;136,869,529</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Net commission income</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,667,493</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,475,172</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,806,245</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left; width: 57%">Net income from measurement of financial instruments at fair value through profit or loss</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,364,562</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 15%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,948,549</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,978,985</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Net (loss) from derecognition of assets at amortized cost and at fair value through OCI</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(122,297)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,486,536)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(124,302)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Foreign Exchange and gold gains /(losses)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,539,573</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,400,228</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,188,230</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other operating income</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,091,572</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,475,495</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,584,935</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Loan loss provision</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,267,375)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,988,309)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(27,774,744)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Net operating income</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;157,116,408</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148,342,782</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;193,528,878</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Personnel benefits</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(31,311,886)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,669,745)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(34,227,786)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Administrative expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(32,432,336)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28,406,642)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(28,757,203)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Asset depreciation and impairment</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,581,759)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,137,257)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,646,741)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Other operating expenses</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(26,698,671)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24,785,365)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(45,164,247)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Operating income</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,091,756</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,343,773</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76,732,901</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Income/(loss) from associates and joint ventures</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41,854)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411,891</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43,590)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Loss from net monetary position</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(39,967,236)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29,730,083)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(31,873,255)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Income before income tax from continuing activities</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,082,666</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,025,581</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44,816,056</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Income tax from continuing activities</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,777</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12,376,814)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(15,068,307)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Net income from continuing activities</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,162,443</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,648,767</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,747,749</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Net income</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,162,443</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,648,767</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,747,749</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Palatino,serif; margin: 0; text-align: center"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">CONSOLIDATED CASH FLOW ITEMS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">COMPARATIVE WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font-family: Times New Roman, serif; text-align: center">(stated in thousands of pesos constant currency - Note 3 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.19</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; width: 62%">Net cash flows provided by/(used in) operating activities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 11%">&nbsp;&nbsp;&nbsp;116,712,111</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 11%">&nbsp;&nbsp;&nbsp;&nbsp;(20,393,880)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 12%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91,525,459</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Net cash flows used in investing activities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,497,573)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,588,413)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(235,212)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">Net cash flows used in financing activities</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,367,653)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(10,725,710)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,056,817)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Effect of exchange rate changes</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(23,034,055)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,799,672</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,513,190</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">Gain/loss on net monetary position of cash flows and cash equivalents</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(92,063,088)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(72,599,124)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(107,930,649)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">Total cash generated / (used) during the year</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(11,250,258)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(91,507,455)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,815,971</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0"></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Palatino,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: center">COMPARATIVE STATISTICAL DATA</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: center">WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-family: Times New Roman, serif; text-align: center">(variation in balances over the same period of the previous fiscal year)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; width: 24%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; width: 14%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; width: 30%">12.31.21 / <BR>
12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center; width: 22%">12.31.20 / <BR>
12.31.19</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center; width: 3%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Total loans</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">-10.10%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5.08%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Total deposits</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">5.49%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">11.15%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Income/(loss)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">27.11%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">-44.03%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Shareholders' Equity</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">3.83%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">0.47%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 49.65pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 49.65pt">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; text-align: center">COMPARATIVE RATIOS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-family: Times New Roman, serif; text-align: center">WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 55%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right; width: 13%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.21</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.20</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman, serif; text-align: center">12.31.19</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Times New Roman, serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Solvency (a)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">18.74%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">17.76%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">20.19%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Liquidity (b)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">76.36%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">67.50%</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">69.89%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Tied-up capital (c)</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">35.69%</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">36.08%</TD>
    <TD STYLE="color: red; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">37.82%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-family: Times New Roman, serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #8497B0; font-style: italic; font-family: Times New Roman, serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; font-family: Times New Roman, serif; text-align: left">Indebtedness (d)</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.34</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.95</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">(a) Shareholders&rsquo; Equity/Liabilities</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">(b) Sum of cash and deposits in banks, debt securities
at fair value through profit or loss and other debt securities/deposits.</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">(c) Sum of property and equipment, miscellaneous
assets and intangible assets/Shareholders&rsquo; Equity.</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify">(d) Total liabilities/Shareholders&rsquo; Equity.</P>



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