<SEC-DOCUMENT>0001292814-23-003113.txt : 20230719
<SEC-HEADER>0001292814-23-003113.hdr.sgml : 20230719
<ACCEPTANCE-DATETIME>20230719113815
ACCESSION NUMBER:		0001292814-23-003113
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20221231
FILED AS OF DATE:		20230719
DATE AS OF CHANGE:		20230719

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:		231096035

	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>bbarfs4q22_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 14pt Times New Roman,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 July, 2023</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="text-align: center; vertical-align: bottom">
    <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="text-align: center; vertical-align: bottom">
    <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="text-align: center; vertical-align: bottom">
    <TD STYLE="width: 29%; font: 10pt Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 12pt">Yes</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; text-align: center; 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="text-align: center; vertical-align: bottom">
    <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>

<!-- 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 -->


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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, 2022.</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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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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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="padding-right: 5.4pt; padding-bottom: 20pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 20pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 20pt; padding-left: 5.4pt; 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="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">Date:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;July 18, 2023</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">/s/</FONT> <FONT STYLE="font-size: 11pt">Carmen Morillo Arroyo</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 26%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">Name:</FONT></TD>
    <TD STYLE="width: 40%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-size: 11pt">Carmen Morillo Arroyo</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-size: 12pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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: 10pt BBVABentonSans; margin: 0 14.05pt 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 14.05pt 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 14.05pt 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 14.05pt 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 14.2pt; text-indent: 0.25in"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><IMG SRC="bbarfs4q226k_001.jpg" ALT="" STYLE="height: 50px; width: 153px"></FONT></P>

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

<P STYLE="font: bold 11pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify; color: #072146">BANCO BBVA ARGENTINA S.A.</P>

<P STYLE="font: bold 11pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: left; color: #072146">FINANCIAL STATEMENTS FOR THE FISCAL
YEAR ENDED DECEMBER 31, 2022</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: bold 11pt Book Antiqua,serif; margin: 0; text-align: justify; text-indent: 0.5in"><IMG SRC="bbarfs4q226k_001.jpg" ALT=""></P>

<P STYLE="font: bold 11pt Book Antiqua,serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;<FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"></FONT></P>

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

<P STYLE="font: bold 10pt BBVABentonSans; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 0.5in; color: #004481">Banco BBVA Argentina
S.A.</P>

<P STYLE="font: bold 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: left; text-indent: -32pt; color: #004481">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: center; color: #004481">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; color: #004481"><B>TABLE OF CONTENTS </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: center">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Financial statements for the fiscal year ended December
31, 2022, comparatively presented.</P>

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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Statement of Income</P>

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

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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Notes</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Exhibits</P>

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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Separate Statement of Income</P>

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

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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Notes</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Exhibits</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Project for the distribution of earnings</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Reporting Summary</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Independent auditors&rsquo; report on the audit of the
consolidated financial statements</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Independent auditors&rsquo; report on the audit of the
separate financial statements</P>

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

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

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

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

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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-indent: -1cm"></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-indent: -1cm"><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="9" STYLE="color: #072146; font-weight: bold; text-align: center">CONSOLIDATED STATEMENT OF FINANCIAL POSITION</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 21, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5.)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 54)&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 29%">&nbsp;</TD>
    <TD STYLE="width: 24%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Notes and Exhibits&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: #072146 0.5pt solid; color: #072146; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;ASSETS&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Cash and deposits in banks&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">3 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">296,292,314</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">425,320,837</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Cash&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">117,455,922</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">144,641,271</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Financial institutions and correspondents&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">178,836,392</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">280,679,566</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Argentine Central Bank (BCRA)&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">161,414,645</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">276,574,172</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Other in the country and abroad&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;17,421,747</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;4,105,394</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;Debt securities at fair value&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">4 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;25,519,962</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;2,721,113</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">5 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;2,268,201</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;5,486,313</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Repo transactions&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">6 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;52,564,802</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">267,934,977</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Other financial assets&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">7</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;32,743,014</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;28,587,551</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Loans and other financing&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">8</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">717,096,502</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">738,343,647</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;1,399</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;1,441</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Argentine Central Bank (BCRA)&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;9,034</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Other financial institutions&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;4,231,777</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;8,201,090</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Non-financial private sector and residents aborad&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">712,854,292</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">730,141,116</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Other debt securities&nbsp;&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">9 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">645,103,305</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">360,348,729</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Financial assets pledged as collateral&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">10 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;46,195,119</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;39,506,104</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Current income tax assets&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">11. a)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;38,707</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;4,391,320</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Investments in equity instruments&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">12 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">938,347</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;4,319,292</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Investments in associates&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">13</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;3,467,425</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;3,995,652</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Property and equipment&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">14 and Exhibit F</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;96,104,394</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;99,191,276</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Intangible assets&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">15 and Exhibit G</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;9,617,561</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;7,159,804</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Deferred income tax assets&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">11. c)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;1,520,164</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;1,707,156</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Other non-financial assets&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">16</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;29,141,960</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;17,145,077</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Non-current assets held for sale&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">17</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">225,079</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">588,486</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold">&nbsp;TOTAL ASSETS&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,958,836,856</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">2,006,747,334</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3">Notes and exhibits are an integral part of these consolidated financial statements.</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-indent: -1cm"><B></B></P>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 0 35.45pt; text-indent: -1cm">&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="9" STYLE="color: #072146; font-weight: bold; text-align: center">CONSOLIDATED STATEMENT OF FINANCIAL POSITION</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5.)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 54)&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right; width: 29%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 24%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;Notes and Exhibits&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: #072146 0.5pt solid; color: #072146; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">12.31.21</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;LIABILITIES&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top-color: #072146; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">&nbsp;&nbsp;Deposits&nbsp;&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">18, Exhibits H and P</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">1,313,820,228</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">1,379,790,010</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;Non-financial Government Sector&nbsp;&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;9,680,134</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;25,857,759</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">&nbsp;Financial Sector&nbsp;&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">340,009</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">423,287</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="vertical-align: bottom">&nbsp;Non-financial Private Sector and Residents Abroad&nbsp;&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,303,800,085</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,353,508,964</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;&nbsp;Derivatives&nbsp;&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">5 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">334,340</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">612,069</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Other financial liabilities&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">20 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">118,432,421</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">119,977,796</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Financing received from the BCRA and other financial institutions&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">21 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;19,873,142</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;22,903,783</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Corporate bonds issued&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">22 and Exhibit P</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">191,183</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">979,760</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Current income tax liabilities&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">11. b)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;7,248,079</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">690,092</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Provisions&nbsp;&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">23 and Exhibit J</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;8,669,445</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;10,933,970</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Deferred income tax liabilities&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">11.c)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;6,691,575</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;15,990,755</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Other non-financial liabilities&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">24</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">117,692,475</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">138,112,236</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;TOTAL LIABILITIES&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,592,952,888</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,689,990,471</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: #072146 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: #072146 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;EQUITY&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Share capital&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">26</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">612,710</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">612,710</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Non-capitalized contributions&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;77,582,620</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;77,582,620</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Capital adjustments&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;55,995,859</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;55,995,859</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Reserves&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">174,962,334</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">136,645,230</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Retained earnings&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;10,803</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;(2,946,632)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Other accumulated comprehensive income/(loss)&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;(7,498,606)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;1,357,353</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Income for the year&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;58,814,985</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;41,263,736</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Equity attributable to owners of the Parent&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">360,480,705</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">310,510,876</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Equity attributable to non-controlling interests&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;5,403,263</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;6,245,987</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold">&nbsp;TOTAL EQUITY&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">365,883,968</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">316,756,863</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold">&nbsp;TOTAL LIABILITIES AND EQUITY&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,958,836,856</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">2,006,747,334</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #072146 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3">Notes and exhibits are an integral part of these consolidated financial statements.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 0 35.45pt; text-indent: -1cm">&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="8" STYLE="color: #072146; font-weight: bold; text-align: center">CONSOLIDATED STATEMENT OF INCOME</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">FOR THE FISCAL YEARS ENDED DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 54)&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 26%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 17%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 13%">&nbsp;Notes and Exhibits&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 14%">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 14%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;Interest income&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">27 and Exhibit Q</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">629,349,615</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">418,616,756</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Interest expense&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">28 and Exhibit Q</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(289,909,658)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(177,379,371)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Net interest income&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">339,439,957</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">241,237,385</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Commission income&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">29 and Exhibit Q</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;81,479,386</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;87,081,632</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Commission expenses&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">30 and Exhibit Q</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(34,736,558)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(40,978,989)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Net commission income&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;46,742,828</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;46,102,643</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;Net income from financial instruments at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="text-align: center">31 and Exhibit Q</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;18,176,921</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;8,501,868</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD COLSPAN="3" STYLE="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="text-align: center">32</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">289,948</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(238,226)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Foreing exchange and gold gains/(losses)&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">33</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;8,076,977</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;10,790,706</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Other operating income&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">34</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;21,162,193</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;15,761,823</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Loan loss allowance&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(19,480,425)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(16,104,276)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Net operating income&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">414,408,399</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">306,051,923</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Personnel benefits&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">35</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(67,977,448)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(60,993,395)</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Administrative expenses&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">36</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(68,141,723)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(63,175,953)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Depreciation and amortization&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">37</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(10,973,223)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(10,872,882)</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Other operating expenses&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">38</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(61,486,046)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(52,007,167)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Operating income&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">205,829,959</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">119,002,526</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Income (loss) from associates and joint ventures&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(466,497)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(81,528)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Gain (loss) on net monetary position&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2.1.5.</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(143,506,418)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(77,853,422)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Income before income tax&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;61,857,044</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;41,067,576</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;Income tax&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">11. d)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,922,673)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">155,399</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;Net income for the year&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;57,934,371</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;41,222,975</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">&nbsp;Net income for the year attributable to:&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3">&nbsp;Owners of the Parent&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;58,814,985</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;41,263,736</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3">&nbsp;Non-controlling interests&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(880,614)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(40,761)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="4">Notes and exhibits are an integral part of these consolidated financial statements.</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="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 COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">CONSOLIDATED STATEMENT OF INCOME</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">FOR THE FISCAL YEARS ENDED DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">EARNINGS PER SHARE</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5)&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 54)&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: left">&nbsp;Accounts&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center">12.31.22</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center">12.31.21</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 29%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 22%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;Numerator:&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-size: 11pt; vertical-align: bottom; text-align: left">&nbsp;Net income attributable to owners of the Parent&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">58,814,985</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">41,263,736</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="font-size: 11pt; vertical-align: bottom; text-align: left">&nbsp;Net income attributable to owners of the Parent adjusted to reflect the effect of dilution&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">58,814,985</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">41,263,736</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Denominator:&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="font-size: 11pt; vertical-align: bottom; text-align: left">&nbsp;Weighted average of outstanding common shares for the year&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">612,710,079</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">612,710,079</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font-size: 11pt; 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="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">612,710,079</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">612,710,079</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;Basic earnings per share (stated in thousands of pesos)&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">95.9915</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">67.3463</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;Diluted earnings per share (stated in thousands of pesos) (1)&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">95.9915</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">67.3463</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 28.85pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 21.75pt">(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 BBVABentonSans; margin: 0 0 0 28.85pt">&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 COLSPAN="6" STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;FOR THE FISCAL YEARS ENDED DECEMBER 31, 2022 AND 2021&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="color: #072146; text-align: center">&nbsp;(Stated in thousands of pesos in constant currency - Note 2.1.5)&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="color: #072146; text-align: center">&nbsp;(Translation of Financial statements originally issued in Spanish - See Note 54)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center; width: 65%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Note</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 13%">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 13%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: left">&nbsp;Net income for the year&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;57,934,371</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;41,222,975</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: left">&nbsp;Other comprehesive income components to be reclassified to income/(loss) for the year:&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Share in Other Comprehensive Income from associates and joint ventures at equity method&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;Income/(Loss) for the year on the Share in OCI from associates and joint ventures at equity method&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">109,017</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(6,940)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">109,017</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(6,940)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: left">&nbsp;Profit or losses from financial instruments at fair value through OCI&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;Income/(Loss) for the year on financial instruments at fair value through OCI&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(12,460,706)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;1,339,785</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;Reclassification adjustment for the year&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(272,217)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">208,433</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;Income tax&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;11.d)&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;3,805,803</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(389,109)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;(8,927,120)</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;1,159,109</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: left">&nbsp;Other comprehesive income components not to be reclassified to income/(loss) for the year:&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; 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="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;Loss for the year on equity instruments at fair value through OCI&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(37,869)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(25,407)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(37,869)</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(25,407)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;Total Other Comprehensive Income/(loss) for the year&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;(8,855,972)</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;1,126,762</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;Total Comprehensive Income&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;49,078,399</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;42,349,737</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;Total comprehensive income:&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;Attributable to owners of the Parent&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;49,959,026</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;42,390,498</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;Attributable to non-controlling interests&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(880,627)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(40,761)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Notes and exhibits are an integral part of these consolidated financial statements.</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="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: 7pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="20" STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS&acute;EQUITY</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="20" STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="20" STYLE="padding-right: 3pt; color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="20" STYLE="padding-right: 3pt; color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 54)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="20" STYLE="padding-right: 3pt; color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="18" STYLE="padding-right: 3pt; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center">2022</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">Share</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">Non-capitalized</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">Other Comprehensive</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">Retained</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">Capital</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">contributions</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">Income</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">Earnings</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold; vertical-align: bottom; width: 32%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="padding-right: 3pt; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">Outstanding shares</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="padding-right: 3pt; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">Share premium</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="padding-right: 3pt; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 7%">Income (loss) on financial instruments at fair value through OCI</TD>
    <TD ROWSPAN="4" STYLE="padding-right: 3pt; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">Other</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="padding-right: 3pt; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 6%">Total equity attributable to controlling interests</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="padding-right: 3pt; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 6%">Total equity attributable to non-controlling interests</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="padding-right: 3pt; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 6%">Total</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold"></TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="padding-right: 3pt; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Retained earnings</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Adjustments to equity</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Transactions</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Legal</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Other</TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: bottom">Restated balances at the beginning of the year</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;77,582,620</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;55,995,859</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;1,466,371</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">(109,018)</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;66,237,595</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;70,407,635</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;38,317,104</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;310,510,876</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;6,245,987</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; text-align: right">&nbsp;316,756,863</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; text-align: left">Impact of the implementation of the financial reporting framework established by the BCRA -IFRS 9, paragraph 5.5 for Related Companies(Note 2.5.)</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;10,803</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">10,803</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">37,903</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">48,706</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: bottom">Adjusted balance at the beginning of the year</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;77,582,620</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;55,995,859</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;1,466,371</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(109,018)</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;66,237,595</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;70,407,635</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;38,327,907</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;310,521,679</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;6,283,890</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #004481; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;316,805,569</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">Total comprehensive income for the year</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;- Net income for the year</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;58,814,985</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;58,814,985</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">(880,614)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;57,934,371</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;- Other Comprehensive Income for the year</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">(8,964,976)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;109,017</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">(8,855,959)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;(13)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">(8,855,972)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; text-align: left">&nbsp;-Distribution of Retained Earnings as per Shareholders' Resolution dated April 29, 2022 (Note 43)</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;Legal Reserve</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;7,663,421</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;(7,663,421)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;Other</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;30,653,683</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;(30,653,683)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: bottom">Balances at fiscal year end</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;77,582,620</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;55,995,859</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(7,498,605)</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(1)</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;73,901,016</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;101,061,318</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;58,825,788</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;360,480,705</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,403,263</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;365,883,968</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 7pt BBVABentonSans; width: 100%">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: 7pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="20" STYLE="color: #072146; font-weight: bold; text-align: center">CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="color: #072146; font-weight: bold; text-align: center">FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 54)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; color: #004481">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #004481">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #004481">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #004481">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #004481">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #004481">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="18" STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center">2021</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Share</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Non-capitalized</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; text-align: center">Other Comprehensive</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">Retained</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Capital</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">contributions</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">Income</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">Earnings</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold; vertical-align: bottom; width: 32%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">Outstanding shares</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">Share premium</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 7%">Losses on financial instruments at fair value through OCI</TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">Other</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 6%">Total equity attributable to controlling interests</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 6%">Total equity attributable to non-controlling interests</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 6%">Total</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; color: #072146; font-weight: bold"></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Retained earnings</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Adjustments to equity</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Transactions</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Legal</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">Other</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: bottom">Restated balances at the beginning of the year</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;77,582,620</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;55,995,859</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">332,669</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">(102,078)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;66,237,595</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;187,597,745</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;(86,535,229)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;301,721,891</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;6,286,748</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;308,008,639</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; text-align: left">Adjusted income from previous years (see Note 2.1.1.b))</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(2,946,642)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(2,946,642)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(2,946,642)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481">Adjusted balance at the beginning of the year</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;77,582,620</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;55,995,859</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">332,669</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(102,078)</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;66,237,595</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;187,597,745</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(89,481,871)</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;298,775,249</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;6,286,748</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;305,061,997</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Total comprehensive income for the year</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;- Net income for the year</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;41,263,736</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;41,263,736</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(40,761)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;41,222,975</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;- Other Comprehensive Income for the year</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,133,702</TD>
    <TD STYLE="text-align: right">(6,940)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,126,762</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,126,762</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;- Distribution of Retained Earnings as per Shareholders' Resolution dated April 20, 2021 (Note 43)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;Cash dividends (1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;(17,507,119)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(17,507,119)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(17,507,119)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;Absorption of accrued losses</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;(86,535,239)</TD>
    <TD STYLE="text-align: right">&nbsp;86,535,239</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;- Distribution of Retained Earnings as per Shareholders' Resolution dated November 3, 2021 (Note 43)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;Cash dividends (2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;(13,147,752)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(13,147,752)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(13,147,752)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">Balances at fiscal year end</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;612,710</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;77,582,620</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;55,995,859</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,466,371</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(109,018)</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;66,237,595</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;70,407,635</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;38,317,104</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;310,510,876</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;6,245,987</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; color: #072146; font-weight: bold; text-align: right">&nbsp;316,756,863</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 7pt BBVABentonSans; width: 100%">&nbsp;(1)&nbsp;It represents $ 28.57 per share stated in historical currency.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 7pt BBVABentonSans">&nbsp;(2)&nbsp;It represents $ 21.46 per share.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt BBVABentonSans; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 7pt BBVABentonSans">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="height: 13.2pt; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="color: #072146; font-weight: bold; text-align: center; height: 13.2pt">CONSOLIDATED STATEMENT OF CASH FLOWS</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="color: #072146; font-weight: bold; text-align: center; height: 13.2pt">FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="color: #072146; text-align: center; height: 13.2pt">(stated in thousands of pesos in constant currency - Note 2.1.5.)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="color: #072146; text-align: center; height: 13.2pt">(Translation of Financial statements originally issued in Spanish - See Note 54)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="padding-left: 12px; color: #072146; text-align: left; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; height: 13.2pt">Accounts</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">12.31.21</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="color: #072146; font-weight: bold; height: 13.2pt">&nbsp;Cash flows from operating activities&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">&nbsp;Income before income tax&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;61,857,044</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;41,067,576</TD></TR>
  <TR STYLE="height: 16.8pt; vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; text-align: right; height: 16.8pt">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">&nbsp;Adjustment for total monetary income for the year&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;143,506,418</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;77,853,422</TD></TR>
  <TR STYLE="height: 16.8pt; vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; text-align: right; height: 16.8pt">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">&nbsp;Adjustments to obtain cash flows from operating activities:&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;32,784,073</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;80,975,868</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;Depreciation and amortization&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,973,223</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,872,882</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;Loan loss allowance&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;19,480,425</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;16,104,276</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="height: 13.2pt">&nbsp;Effect of foreign exhange changes on cash and cash equivalents&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,212,110)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;44,868,750</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">&nbsp;Loss for the sale of Prisma Medios de Pagos S.A.&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(4,388,676)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="height: 13.2pt">&nbsp;Income from put option taken - Prisma Medios de Pagos S.A.&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,302,454</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; height: 13.2pt; width: 70%">&nbsp;Other adjustments&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 13%">7,931,211</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 13%">6,827,506</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: top; text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">&nbsp;Net increases from operating assets:&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;(1,068,855,179)</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;(602,763,538)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Debt securities at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="text-align: right">(35,287,767)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(5,017,494)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="text-align: right">1,736,775</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">585,176</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Repo transactions&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;149,441,563</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(199,773,264)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Loans and other financing&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(449,308,188)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(231,652,707)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(1,328)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(321)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Other financial institutions&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(596,989)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(5,638,156)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(448,709,871)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(226,014,230)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Other debt securities&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(677,916,427)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(150,343,562)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Financial assets pledged as collateral&nbsp;</TD>
    <TD STYLE="text-align: right">(34,925,506)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(4,227,024)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Investments in equity instruments&nbsp;</TD>
    <TD STYLE="text-align: right">3,897,369</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,730,291</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Other assets&nbsp;</TD>
    <TD STYLE="text-align: right">(26,492,998)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(14,064,954)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">&nbsp;Net increases from operating liabilities:&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;942,808,800</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;637,530,373</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;Deposits&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;787,212,147</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;526,975,723</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Non-financial government sector&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(2,487,971)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;16,784,353</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Financial sector&nbsp;</TD>
    <TD STYLE="text-align: right">218,454</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,712,192)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Non-financial private sector and residents abroad&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;789,481,664</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;511,903,562</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;Liabilities at fair value through profit or loss&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;41,830</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">127,071</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;Derivatives&nbsp;</TD>
    <TD STYLE="text-align: right">162,334</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">387,017</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;Other liabilities&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;155,392,489</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;110,040,562</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;Income tax paid&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,625,192)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(7,316,563)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; height: 13.8pt">Total cash flows generated by operating activities</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;110,475,964</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;227,347,138</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: center">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="color: #072146; font-weight: bold; text-align: center; height: 13.2pt">CONSOLIDATED CONDENSED STATEMENT OF CASH FLOWS</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="color: #072146; font-weight: bold; text-align: center; height: 13.2pt">FOR THE FISCAL YEARS ENDED DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="color: #072146; text-align: center; height: 13.2pt">(stated in thousands of pesos in constant currency - Note 2.1.5.)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="color: #072146; text-align: center; height: 13.2pt">(Translation of Financial statements originally issued in Spanish - See Note 54)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="color: #072146; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; height: 13.2pt">Accounts</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">12.31.21</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; height: 13.2pt">&nbsp;Cash flows from investing activities&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: bottom; text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">&nbsp;Payments:&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">(28,289,796)</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">(16,303,218)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">Purchase of property and equipment, intangible assets and other assets&nbsp;</TD>
    <TD STYLE="text-align: right">(16,410,002)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(15,667,059)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">Other payments related to investing activities&nbsp;</TD>
    <TD STYLE="text-align: right">(11,879,794)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(636,159)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: top; text-align: right; height: 13.2pt; width: 70%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 13%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; width: 13%">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; height: 13.2pt">&nbsp;Collections:&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">1,136,924</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">1,698,463</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="height: 13.2pt">Other collections related to investing activities&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,136,924</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,698,463</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; height: 13.2pt">&nbsp;Total cash flows used in investing activities&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(27,152,872)</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(14,604,755)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; height: 13.2pt">&nbsp;Cash flows from financing activities&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">&nbsp;Payments:&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;(6,482,791)</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">(10,469,927)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Non-subordinated corporate bonds&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(747,514)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(2,327,965)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="height: 13.2pt">&nbsp;&nbsp;Financing from local financial institutions&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(3,592,216)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(465,014)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Other payments related to investing activities&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(4,948,127)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="height: 13.2pt">&nbsp;&nbsp;Leases&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(2,143,061)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(2,728,821)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: top; height: 13.2pt">&nbsp;Collections:&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">561,575</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;14,109</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">&nbsp;BCRA&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,158</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;14,109</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="height: 13.2pt">&nbsp;Other collections related to financing activities&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">551,417</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; height: 13.2pt">&nbsp;Total cash flows used in financing activities&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(5,921,216)</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(10,455,818)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="height: 13.2pt">&nbsp;Effect of exchange rate changes on cash and cash equivalents&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,212,110</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(44,868,750)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left; height: 13.2pt">&nbsp;Loss on net monetary position of cash and cash equivalents&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(207,642,509)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(179,332,543)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; height: 13.2pt">&nbsp;Total changes in cash flows&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(129,028,523)</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(21,914,728)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left; height: 13.2pt">&nbsp;Restated cash and cash equivalents at the beginning of the year (Note 3)&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;425,320,837</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;447,235,565</TD></TR>
  <TR STYLE="height: 13.8pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left; height: 13.8pt">&nbsp;Cash and cash equivalents at fiscal year-end (Note 3)&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;296,292,314</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;425,320,837</TD></TR>
  <TR STYLE="height: 13.8pt; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; height: 13.8pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 13.2pt">Notes and exhibits are an integral part of these consolidated financial statements.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 7.1pt"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- 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">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt; color: #072146"><B>NOTES TO
THE CONSOLIDATED FINANCIAL STATEMENTS </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt; color: #072146"><B>AS OF DECEMBER
31, 2022 </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt; color: #072146"><B>(Amounts
stated in thousands of Argentine pesos in constant currency &ndash;Note 2.1.5.)</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt; color: #072146"><B>(Translation
of Financial statements originally issued in Spanish - See Note 54)</B></P>

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

<P STYLE="font: 10pt BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>1.</B></FONT></TD><TD><FONT STYLE="font-family: BBVABentonSans; 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; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>1.1.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 3pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Information on Banco
BBVA Argentina S.A.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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, 2022.</P>

<P STYLE="font: 10pt BBVABentonSans; 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;). Basis of consolidation is described in Note 2.2.</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>1.2.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 3pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Evolution of the macroeconomic
situation and the financial and capital systems</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">The Entity continues to operate in a complex economic
context, signaled by the persistence of high inflation levels, which have reached 94.8% YoY. This scenario is accompanied by volatile
financial variables, including, among others, a country risk indicator which has increased even after the renegotiation of the sovereign
debt with private creditors and the IMF, as well as the imputed exchange rates impacting the outstanding public debt denominated in foreign
currency.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">Then, among others resolutions, changes to the tax regime
were made, including changes in the income tax, foreign trade withholdings and new specific regulations were also established enabling
the access to the foreign exchange market, both for individuals and legal entities.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">Simultaneously, the public debt restructuring process
continued both under Argentine and foreign laws, including various voluntary swaps and agreements related to the payables to the International
Monetary Fund and the Paris Club, among others.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">Particularly, as regards the U.S. dollar price, since
the end of 2019 the gap between the official U.S. dollar price -mainly used for foreign trade- and the alternative values arising from
stock exchange transactions and also with respect to the non-official value significantly widened, reaching about 97% as of the date of
issuance of the accompanying financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">Although as of the date of these financial statements,
certain volatility levels above mentioned have decreased, the national and</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">international macroeconomic context generates certain
degree of uncertainty regarding its future progress, considering the armed conflict between Russia and Ukraine and the effect of the pandemic
mentioned in note 1.3. Effects of the coronavirus outbreak (Covid-19) in the economic recovery level globally.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">In view of the above, the Entity's Management permanently
monitors the evolution of the abovementioned situations in the international and local markets, in order to determine the possible actions
to be taken and identify possible impacts on its equity and financial position, which may require disclosure in the financial statements
of future periods.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify; color: #004481">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify; color: #004481">1.3. Effects of the coronavirus outbreak
(Covid-19)</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">In early March 2020, the World Health Organization declared
Coronavirus (Covid-19) a pandemic. This emergency situation over public health was worldwide expanded and several countries took different
measures to contain the effects. This situation and the measures adopted have materially affected the international economy activity with
different impacts on several countries and business lines.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">Particularly in the Argentine Republic, along with health
protection rules, tax and financial measures were taken to mitigate the impact on the economy associated with the pandemic, including
public direct financial assistance measures for part of the population, the establishment of financial and fiscal facilities for both
individuals and companies.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 0 0 1cm; text-align: justify">The Entity's Management monitors the development of the
situation 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 BBVABentonSans; 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 BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>2.</B></FONT></TD><TD><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>BASIS FOR THE PREPARATION OF THESE FINANCIAL STATEMENTS AND APPLICABLE
ACCOUNTING STANDARDS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 17.6pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 17.6pt; color: #004481"><B>2.1. Presentation basis</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 17.6pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 17.6pt"><B>2.1.1. <U>Applicable Accounting Standards</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">These consolidated financial statements of the Bank were
prepared in accordance with the financial reporting framework set forth by the BCRA (Communication &ldquo;A&rdquo; 6114 of the BCRA, as
supplemented). Except for the exceptions established by the BCRA which are explained in the following paragraph, such framework is based
on International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and adopted by
the Argentine Federation of Professionals Councils in Economic Sciences (FACPCE, for its acronym in Spanish). The abovementioned international
standards include the IFRS, the International Accounting Standards (IAS) and the interpretations</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">developed by the IFRS Interpretations Committee (IFRIC)
or former IFRIC (SIC).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Out of the exceptions set forth by the BCRA to the application
of current IFRS, the following affect the preparation of these consolidated financial statements:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Within the framework of the convergence process
to IFRS established by Communication &ldquo;A&rdquo; 6114, as amended and supplemented, the BCRA provided that for fiscal years starting
on or after January 1, 2020, financial institutions defined as &ldquo;Group A&rdquo; according to BCRA regulations, as such is the case
of the Entity, are required to start to apply paragraph 5.5 &ldquo;Impairment&rdquo; of IFRS 9 &ldquo;Financial Instruments&rdquo; (paragraphs
B5.5.1 through B5.5.55) except for exposures to the public sector, considering the exclusion set forth by Communication &ldquo;A&rdquo;
6847.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 36pt; text-align: justify">Had the abovementioned paragraph 5.5. &ldquo;Impairment&rdquo;
been applied in full, according to a global estimate made by the Entity, as of December 31, 2022 and 2021, its shareholders&rsquo; equity
would have been reduced by 4,482,561 and 3,723,823, respectively.</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">As of December 31, 2021, the Entity valued
its remaining interest in Prisma Medios de Pago SA (&ldquo;<U>Prisma</U>&rdquo;) following the guidelines set forth by applicable standards
and considering a valuation report as of December 31, 2020 issued by independent experts subject to the provisions of Memoranda No. 7/2019
and No. 8/2021 dated April 29, 2019 and May 22, 2021, respectively, received from the BCRA, which set forth specific provisions as regards
the measurement of such interest. Considering those provisions, the Entity has made adjustments to the fair value previously determined
(see Note 12.1). </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 36pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 36pt; text-align: justify">In addition, the Bank recognized an adjustment to previous
years&rsquo; profits, at the request of the BCRA. By means of Memorandum No. 8/2021 dated May 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.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 36pt; 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 4,209,490 (decrease) and &ldquo;Unappropriated
retained earnings&rdquo; by 2,946,642 (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, 2021.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 36pt; 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 36pt; text-align: justify"><FONT STYLE="text-decoration: none">In March 2022, the
shares corresponding to the abovementioned interest were transferred and the income (loss) from their sale was recorded in the quarter
ended March 31, 2022. Had the IFRS been applied in order to determine the fair value above mentioned, the income (loss) of previous years
and for the fiscal year ended December 31, 2022 would have changed. However, this situation does not generate differences as regards the
shareholders&rsquo; equity value as of December 31, 2022.</FONT></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: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">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</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 35.7pt; text-align: justify">purposes. As described in Note 11, such provision
was fully reversed as of December 31, 2021.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 18pt; text-align: justify">Except for what was mentioned in the previous paragraphs,
the accounting policies applied by the Entity comply with the IFRS that have been currently approved and are applicable in the preparation
of these consolidated financial statements in accordance with the IFRS as adopted by the BCRA as per Communication &ldquo;A&rdquo; 7411.
In general, the BCRA does not allow the early application of any IFRS, unless otherwise specified.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 18pt; text-align: justify">These financial statements were approved by the Board of
Directors of Banco BBVA Argentina S.A. on March 6, 2023.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">2.1.2. <U>Figures stated in thousands of pesos</U></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">These consolidated financial statements expose figures
stated in thousands of Argentine pesos in terms of purchasing power as of December 31, 2022 and are rounded to the nearest amount in thousands
of pesos.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; text-indent: -7.05pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; text-indent: -7.05pt">2.1.3. <U>Presentation of Statement
of Financial Position</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; text-indent: -7.05pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">The Entity presents its Statement of Financial Position
in order of liquidity, according to the model set forth in Communication &ldquo;A&rdquo; 6324 of the BCRA.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Financial assets and financial liabilities are generally
reported in gross figures in the Statement of Financial Position. They are offset and reported on a net basis only if there is a legal
and unconditional right to offset them and Management has the intention to settle them on a net basis or to realize assets and settle
liabilities simultaneously.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">These consolidated financial statements were prepared
on the basis of historical amounts, except for certain species which were valued at Fair value through Other Comprehensive Income (OCI)
or at Fair Value through Profit or Loss. In addition, in the case of derivatives, both assets and liabilities were valued at Fair Value
through profit or loss.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; text-indent: -7.05pt">2.1.4. <U>Comparative information</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 21.3pt; text-align: justify">The Consolidated Statements of Financial Position, Income,
Other Comprehensive Income, Changes in Shareholders&rsquo; Equity and Cash Flows and the related Notes as of December 31, 2022 are presented
comparatively with the previous fiscal year end.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 21.3pt; text-align: justify">The figures of comparative information have been restated
in order to consider the changes in the general purchasing power of the currency and, as a result, are stated in the measuring unit current
as of the end of the reporting year (see &ldquo;Measuring unit&rdquo; below).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 21.3pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 21.3pt">2.1.5. <U>Measuring unit</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">These consolidated financial statements as of December
31, 2022 have been restated to be expressed in the purchasing power currency as of that date, as set forth in IAS 29 and considering,
in addition, the particular standards issued by the BCRA in Communications &ldquo;A&rdquo; 6651, 6849, as amended and supplemented, which
established that such method should be applied to</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">financial statements for fiscal years starting on or after
January 1, 2020 and defined December 31, 2018 as transition date.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">IFRS requires that the financial statements of an entity
whose functional currency is that of a hyperinflationary economy be restated in constant currency. In order to achieve uniformity in the
identification of such an economic environment, IAS 29 &quot;Financial Reporting in Hyperinflationary Economies&quot; establishes (i)
certain non-exclusive qualitative indicators consisting of analyzing the behavior of the population, prices, interest rates and salaries
in view of the evolution of price indexes and the loss of purchasing power of the currency, and (ii) as a quantitative characteristic,
which is the condition most commonly considered in practice, to verify whether the cumulative inflation rate in three years approaches
or exceeds 100%. Due to several macroeconomic factors, three-year inflation was above this figure, while the national government's targets
and other available projections indicate that this trend will not be reversed in the short term.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Such restatement should be made as if the economy has
always been hyperinflationary, using a general price index that reflects the changes in the purchasing power of currency. In order to
make such restatement, a series of indexes prepared and published on a monthly basis by the Argentine Federation of Professional Councils
of Economic Sciences (&ldquo;FACPCE&rdquo;), which combines the domestic consumer price index (CPI) published by the National Institute
of Statistics and Census (INDEC, as per its Spanish acronym) as from January 2017 (base month: December 2016) with the domestic wholesale
price index (IPIM, as per its Spanish acronym) published by INDEC until such date, computing for November and December 2015, for which
the INDEC did not published any information on the variation of the IPIIM, the variation of the CPI in the City of Buenos Aires.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Considering the index referred above, inflation for the
fiscal years ended December 31, 2022 and 2021 was 94.79% and 50.94%, respectively.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Below is a description of the main impacts of applying
IAS 29 and the restatement process of financial statements set forth by Communication &ldquo;A&rdquo; 6849, as supplemented, of the BCRA:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 28.35pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Description of the main aspects of the restatement
process of the statement of financial position: </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 49.65pt; 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: 47pt"></TD><TD STYLE="width: 9.8pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Monetary items (those with a fixed nominal
value in local currency) are not restated, as they are already expressed in the measuring unit current as of the end of the reporting
year. In an inflationary period, holding monetary assets generates a loss of purchasing power and holding monetary liabilities generates
a gain in purchasing power, provided that such items are not subject to an adjustment mechanism that may offset these effects to some
extent. Gain or loss on net monetary position is included in income (loss) for the reporting year.</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: 47pt"></TD><TD STYLE="width: 9.8pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Assets and liabilities subject to adjustments
pursuant to specific agreements are adjusted according to such agreements.</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: 47pt"></TD><TD STYLE="width: 9.8pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">iii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-monetary items measured at their current
values at the end of the reporting year are not restated for their presentation in the statement of financial position, but the adjustment
process must be completed in order to determine in terms of constant measuring unit, the gain or loss generated for holding those
non-monetary items.</FONT></TD></TR></TABLE>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 2cm; text-align: justify"></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: 47pt"></TD><TD STYLE="width: 9.8pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">iv.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-monetary items measured at historical cost
or at a value current as of a date prior to the end of the reporting year are restated at indexes that reflect the variation occurred
in the general price index level as from the date of acquisition or restatement until the closing date, and then the restated amounts
of said assets are compared with the relevant recoverable values. Income (loss) for the year from depreciation of property and equipment
and amortization of intangible assets, as well as any other consumption of non-monetary assets are determined based on the new restated
amounts.</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: 47pt"></TD><TD STYLE="width: 9.8pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">v.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The restatement of non-monetary assets in terms
of a measuring unit current at the end of the reporting year without an equivalent adjustment for tax purposes results in a taxable temporary
difference and the recognition of deferred tax liabilities, whose balancing entry is recognized in income or loss for the year. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 21.3pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Description of the main aspects of the restatement
process of the statements of income and other comprehensive income:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Expenses and income are restated as from the
date of their booking, except those income or loss items that reflect or include in their determination the consumption of assets in purchasing
power currency of a date prior to the booking of the consumption, which are restated taking as basis the date of origination of the asset
with which the item is related; and also except for income or loss arising from comparing two measurements expressed in purchasing power
currency of different dates, for which it is necessary to identify the amounts compared, restate them separately, and make the comparison
again, but with the amounts already restated.</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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Gain or loss on net monetary position will
be classified according to the item that originated it, and is presented in a separate line reflecting the effect of inflation on monetary
items.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 21.3pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Description of the main aspects of the restatement
process of the statement of changes in shareholders&rsquo; equity:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">As of the transition date (December 31, 2018),
the Entity has applied the following procedures: </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 14.2pt">a)</TD><TD STYLE="text-align: justify">Equity items, except those stated below, are restated as from the date on which they were subscribed for
or paid-in, as set forth in Communication &ldquo;A&rdquo; 6849 for each particular item.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 14.2pt">b)</TD><TD STYLE="text-align: justify">Reserves, including the reserve for first time application of IFRS, were maintained at their nominal value
as of the transition date (non-restated legal amount).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 14.2pt">c)</TD><TD STYLE="text-align: justify">Restated unappropriated retained earnings are determined according to the difference between restated
net assets as of the transition date and the rest of the components of initial equity restated as described above.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 14.2pt">d)</TD><TD STYLE="text-align: justify">Balances of other accumulated comprehensive income were restated as of the transition date.</TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">After the restatement as of the transition
date stated in (i) above, all the shareholders&rsquo; equity components are restated by applying the general price index from the beginning
of the fiscal year and each variation of those components is restated from the date of contribution or from the moment such variation
occurred by other means, restating the balances of other accumulated comprehensive income according to the items that give rise to it.
</FONT></TD></TR></TABLE>


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<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: 28.35pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Description of the main aspects of the restatement
process of the statement of cash flows:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">All items are restated in terms of the measuring
unit current as of the end of the reporting year.</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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Monetary gain or loss on the components of
cash and cash equivalents are disclosed in the statement of cash flows after operating, investing and financing activities, in a separate
line and independent from them, under &ldquo;Gain/loss on net monetary position of cash and cash equivalents&rdquo;.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 11.25pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>2.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Basis of consolidation </B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The consolidated financial statements comprise the Entity&rsquo;s
and its subsidiaries&rsquo; financial statements (the &ldquo;Group&rdquo;) as of December 31, 2022 and 2021.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Subsidiaries are all entities controlled by the Bank. The
Bank controls an entity when it is exposed to, or has rights to, variable returns from its continued involvement with the entity and has
the ability to manage the operating and financial policies of that entity, in order to affect those returns.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">This is generally observed in the case of an ownership interest
representing more than 50% of its shares entitled to vote.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">However, under particular circumstances, the Entity may exercise
control with an ownership interest below 50% or may not exercise control even with an ownership interest above 50% in the shares of an
investee.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">When assessing if an Entity has power over an investee and
therefore, whether it controls the variability of its returns, the Entity considers all the relevant events and circumstances, including:</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: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The purpose and design of the investee.</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: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The relevant activities, the decision-making
process on these activities and whether the Entity and its subsidiaries can manage those activities.</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: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Contractual agreements such as call options,
put options and settlement rights.</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: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">If the Entity and its subsidiaries are exposed
to, or entitled to, variable returns arising from their interest in the investee, and are empowered to affect their variability.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Subsidiaries are fully consolidated as from the date on which
effective control thereof is transferred to the Entity and they are no longer consolidated as from the date on which such control ceases.
These consolidated financial statements include the Entity&rsquo;s and its subsidiaries&rsquo; assets, liabilities, profit or loss and
each component of other comprehensive income. Transactions among consolidated entities are fully eliminated.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Any change in the ownership interest in a subsidiary, without
loss of control, is booked as an equity transaction. Conversely, if the Entity loses control over a subsidiary, it derecognizes the related
assets (including goodwill), liabilities, non-controlling interest and other equity components, while any resulting gain or loss is recognized
in profit or loss, and any retained investment is recognized at fair value at the date of loss of control.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The financial statements of subsidiaries have been prepared
as of the same date and for the same accounting periods as those of the Entity, using related accounting policies consistently with those
applied by the Entity. If necessary, relevant adjustments are made to the financial statements of subsidiaries so that the accounting
policies used by the Group are uniform.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Entity and its subsidiaries consider the Argentine peso
as their functional and presentation currency.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Besides, non-controlling interests represent the portion
of income or loss and shareholders&rsquo; equity that does not belong, either directly or indirectly, to the Entity. Non-controlling interests
are exposed in these financial statements in a separate line in the Statements of Financial Position, of Income, Other Comprehensive Income
and Changes in Shareholders&rsquo; Equity.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2022 and 2021, the Entity has consolidated
its financial statements with the financial statements of the following companies:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="height: 34.5pt">
    <TD STYLE="width: 38%; border-top: black 1pt solid; border-left: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 34.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Subsidiaries</B></FONT></TD>
    <TD STYLE="width: 21%; border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 34.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Registered Office</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 34.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Province</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 34.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Country</B></FONT></TD>
    <TD STYLE="width: 20%; border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 34.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Main Business Activity</B></FONT></TD></TR>
  <TR STYLE="height: 26.4pt; background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Volkswagen Financial Services C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Av. C&oacute;rdoba 111</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">City of Buenos Aires</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Argentina</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Financing</FONT></TD></TR>
  <TR STYLE="height: 26.4pt; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">PSA Finance Arg. C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Carlos Mar&iacute;a Della Paolera 265, piso 22</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">City of Buenos Aires</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Argentina</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Financing</FONT></TD></TR>
  <TR STYLE="height: 39.6pt; background-color: rgb(204,238,255)">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 39.6pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Consolidar Administradora de&nbsp;&nbsp;Fondos de Jubilaciones y Pensiones S.A.(under liquidation proceedings)(1)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 39.6pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Av. C&oacute;rdoba 111, piso 22</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 39.6pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">City of Buenos Aires</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 39.6pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Argentina</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 39.6pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Retirement and Pension Fund Manager</FONT></TD></TR>
  <TR STYLE="height: 26.4pt; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Av. C&oacute;rdoba 111, piso 30</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">City of Buenos Aires</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Argentina</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; height: 26.4pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Mutual Funds Management</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0">
<P STYLE="font: 10pt BBVABentonSans; margin: 0">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt BBVABentonSans; 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"><FONT STYLE="font-size: 9pt"><U>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;</U>: 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.</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2022 and 2021, the Entity&rsquo;s interest
in consolidated companies is as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 48.75pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border: black 0.5pt solid; text-align: center; height: 75.15pt">Subsidiaries</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; border-top: black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-left-color: black; border-left-width: 0.5pt">Shares</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; border-top: black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-left-color: black; border-left-width: 0.5pt">Interest held by the Company</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; border-top: black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-left-color: black; border-left-width: 0.5pt">Non-controlling Interest</TD></TR>
  <TR STYLE="height: 26.4pt; vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt; height: 26.4pt">Type</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">Number</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">Total share capital</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">Votes</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">Total share capital</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">Votes</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border-right: black 0.5pt solid; border-left: black 0.5pt solid; border-top-color: black; border-top-width: 0.5pt; height: 31.5pt; width: 41%">Volkswagen Financial Services C&iacute;a. Financiera S.A.</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt; width: 9%">Common</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt; width: 10%">897,000,000</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt; width: 10%">51.00%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt; width: 10%">51.00%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt; width: 10%">49.00%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt; width: 10%">49.00%</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle; background-color: White">
    <TD STYLE="border-top: black 0.5pt solid; border-right: black 0.5pt solid; border-left: black 0.5pt solid; height: 31.5pt">PSA Finance Arg. C&iacute;a. Financiera S.A.</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">Common</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">52,178</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">50.00%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">50.00%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">50.00%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">50.00%</TD></TR>
  <TR STYLE="height: 45pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="border: black 0.5pt solid; text-align: left; height: 45pt">Consolidar Administradora de&nbsp;&nbsp;Fondos de Jubilaciones y Pensiones S.A. (under liquidation proceedings)&nbsp;&nbsp;</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">Common</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">115,738,503</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">53.89%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">53.89%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">46.11%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">46.11%</TD></TR>
  <TR STYLE="height: 41.25pt; vertical-align: middle; background-color: White">
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; border-left: black 0.5pt solid; text-align: left; border-top-color: black; border-top-width: 0.5pt; height: 41.25pt">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n&nbsp;</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">Common</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;242,524</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">100.00%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">100.00%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">0.00%</TD>
    <TD STYLE="border-right: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-left-color: black; border-top-width: 0.5pt; border-left-width: 0.5pt">0.00%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Board of Directors of Banco BBVA Argentina S.A. considers
that there are no other companies or structured entities that should be included in the consolidated financial statements as of December
31, 2022.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><U>Trusts</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Group acts as a trustee for financial, management and
guarantee trusts (see Note 49). 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><U>Mutual funds</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Group acts as fund manager in various mutual funds (see
Note 50). 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.</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 0; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>2.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Significant accounting policies </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">These consolidated financial statements as of December 31,
2022 have been prepared in accordance with the financial reporting framework set forth by the BCRA mentioned in Note 2.1.1 &ldquo;Applicable
accounting policies&rdquo;.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">In preparing these consolidated financial statements, in
addition to what is explained in Notes 2.1.5 &ldquo;Measuring Unit&quot; and 2.5 &quot;Regulatory changes introduced during this fiscal
year&quot;, the Entity has consistently applied the basis of presentation and consolidation, accounting policies and significant accounting
judgments, estimates and assumptions in the fiscal year reported in these consolidated financial statements, except as indicated in Note
2.5.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.1. Going concern</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Entity's Management conducted an assessment of its ability
to continue as a going concern and concluded that it has the resources to continue in business for the foreseeable future. Furthermore,
Management is not aware of any material uncertainties that could call into question the Entity's ability to continue as a going concern.
Therefore, these consolidated financial statements were prepared on a going concern basis.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.2. Foreign currency </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.3. Cash and cash equivalents</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Cash and cash equivalents includes cash, bank deposits, balances
with no restrictions kept with the BCRA and on-demand accounts held at domestic and foreign financial institutions.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Cash and cash equivalents are carried at amortised cost in
the Consolidated Statement of Financial Position.</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 1cm; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.4. Financial assets and
liabilities</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">a) Recognition</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Group initially recognizes loans, deposits, debt securities
issued and liabilities on the date on which they are originated. All other financial instruments (including ordinary course purchases
and sales of financial assets) are recognized on the trade date, which is the date when the Group becomes party to the contractual provisions
of the instrument.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Group recognizes purchases of financial instruments with
the commitment to resell at a certain price (repos) as a loan 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The transaction price is usually the best evidence of fair
value at initial recognition.</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 fair value is classified as Level 1 or 2, the financial instrument
is initially recognized at fair value and the difference is recognized in profit or loss. If the fair value at initial recognition is
classified as Level 3, the difference between the fair value and the consideration is deferred.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">b) Classification of financial assets</P>

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

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 2cm; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">the asset is held within a business model whose objective is to hold
assets to collect contractual cash flows, and</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 2cm; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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 Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">On initial recognition of an equity investment 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><I><U>Business model assessment</U></I></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 49.65pt; text-align: justify; text-indent: -21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">the stated policies and objectives for the portfolio and the operation
of those policies in practice. In particular, whether Management focuses on revenues derived from contractual interest;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 49.65pt; text-align: justify; text-indent: -21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">how the performance of the portfolio is assessed and reported to Management;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 49.65pt; text-align: justify; text-indent: -21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">the risks that affect the performance of the business model and how
those risks are managed;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 49.65pt; text-align: justify; text-indent: -21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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 contractual cash flows collected; and</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 49.65pt; text-align: justify; text-indent: -21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">the frequency, volume and timing of sales in prior periods, the reasons
for such sales and its expectations about future sales activity. 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><I><U>Assessment on whether cash flows are &ldquo;solely
payments of principal and interest&rdquo; (SPPI test)</U></I></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">consideration for the time value of money and for the credit
risks associated with the principal amount outstanding. 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">In performing such assessment, the Group considers:</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: 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: BBVABentonSans; 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 Palatino,serif; margin-top: 0; 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: BBVABentonSans; font-size: 10pt">leverage features; </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: 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: BBVABentonSans; font-size: 10pt">prepayment and extension terms; </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: 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: BBVABentonSans; font-size: 10pt">terms that limit the Bank's claim to cash flow
from specified assets; and </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: 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: BBVABentonSans; font-size: 10pt">features that modify consideration of the time
value of money (e.g. periodical reset of interest rate). </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 48.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><I><U>Reclassifications</U></I></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">c) Classification of financial liabilities</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Financial liabilities held for trading have been acquired
or incurred principally for the purpose of selling or repurchasing in the near term, or held as part of a portfolio that is managed together
for short-term profit or position taking. Trading liabilities are initially recognised and subsequently measured at fair value in the
Consolidated Statement of Financial Position, with transaction costs recognised in profit or loss. All changes in fair value are recognised
as part of net trading income in profit or loss.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">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 BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The amortized cost of a financial asset or liability is the
amount of its initial recognition less the capital reimbursements, plus or less 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
(doubtful accounts).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 under IFRS 9, point 5.5, on the estimated allowance for loan losses,
excluding the debt securities from the nonfinancial public sector from its scope (hereinafter, &ldquo;BCRA IFRS 9&rdquo;), which is applicable
to fiscal years beginning as from January 1, 2020, for Group &ldquo;A&rdquo; entities, with a retroactive effect. The impact of the change
in accounting policy was recognized under Unappropriated earning as of January 1, 2019, i.e., the transition date. Until such date, the
Bank applied the impairment model established by the BCRA through Communication &ldquo;A&rdquo; 2950 as amended, which requires that allowances
for loan losses be recognized based on the minimum requirements established by the BCRA. See also note 2.5.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 102.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">financial assets that are debt instruments,</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 102.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">lease receivables,</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 102.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">financial guarantee contracts, and</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 102.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">loan commitments.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><I>Measurement of expected credit losses (ECL)</I></P>

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


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><I>Restructured financial assets</I></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 60.6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><I>Credit-impaired financial assets</I></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">At each reporting date the Group assesses whether the financial
assets carried at amortized cost and debt instruments (financial assets) carried at fair value through OCI are credit-impaired. An asset
is credit-impaired if one or more events have occurred and they have a detrimental impact on the estimated future cash flows of the asset.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Evidence that a financial asset is credit-impaired includes
observable data about the following events:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">significant financial difficulty of the issuer or the borrower,</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">a breach of contract, </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">restructuring of a loan under conditions that the Bank would not otherwise
consider,</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">it becomes probable that the borrower will enter bankruptcy or other
financial reorganization, or</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 60.6pt; text-align: justify; text-indent: -32.25pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The disappearance of an active market for a security because of financial
difficulties.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 was recognized prospectively.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">financial obligation is higher than 1% according to the impairment
definition criteria mentioned in the preceding paragraph.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2021, the Bank considered that the revision
of the definition of credit impairment (noncompliance) in 2021 resulted in a 1,564,189 increase in impaired financial assets. In relation
to the expected credit losses, the impact of such revision was 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><I>Recognition of the allowance for expected credit losses</I></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The allowance for expected credit losses is recognized as
follows:</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: 21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Financial assets measured at amortized cost:
as a write-down of the asset carrying amount in the Statement of Financial Position. </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: 21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">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. </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: 21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Loan commitments and financial guarantees contracts:
recognized under the line Provision for contingent commitments under liabilities, in the Statement of Financial Position. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><I>Derecognitions</I></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">g) Offsetting of financial assets and liabilities</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.5. Investments in associates</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 arrangement in which the Group has joint
control whereby the Group has rights to the net assets of the arrangement rather than rights to its assets and obligations for its liabilities.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Investments 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 BBVABentonSans; margin: 0 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 reduced
to nil, and the recognition of further losses is discontinued, except to the extent that the Group has an obligation or has made payments
on behalf of the investee.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.6. Property and equipment</B></P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">If significant parts of an item of property and equipment
have different useful lives, they are accounted for as separate items (major components) of property and equipment.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Any gains or losses on disposal of an item of property and
equipment are recognized net within other income in the Statement of Income.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Subsequent expenses are only capitalized if they are likely
to provide future economic benefits for the Group. Ongoing repairs and maintenance are expensed as incurred.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 Palatino,serif; margin-top: 0; 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: BBVABentonSans; font-size: 10pt">Buildings: as reported in the technical appraisal
corresponding to each building</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: 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: BBVABentonSans; font-size: 10pt">Furniture and facilities: 10 years </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: 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: BBVABentonSans; font-size: 10pt">Equipment: 3-5 years </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: 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: BBVABentonSans; font-size: 10pt">Vehicles: 5 years </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Depreciation methods and useful lives are reviewed at each
reporting date and adjusted prospectively, if necessary.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.7. Intangible assets</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Subsequent expenses 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 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 necessary.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.8. Other non-financial assets</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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
amortization&rdquo;.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Depreciation methods and useful lives are reviewed at each
reporting date and adjusted prospectively, if necessary.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">When the use of a property changes such that it is reclassified
as property and equipment, its fair value at the date of reclassification becomes its cost for subsequent accounting. As a non-monetary
asset, this item was adjusted for inflation.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">For the purposes of the depreciation calculation, the guidelines
described in 2.3.6. are followed.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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. The subsequent valuation will be based on the acquired asset.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.9. Non-current assets held
for sale</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Once classified as held-for-sale, property and equipment
are no longer depreciated.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.10. Impairment of non-financial
assets</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">For the impairment testing, assets are grouped together into
the smallest group of assets that generates cash inflows for their continued use that is largely independent of the cash inflows from
other assets or other cash generating units (CGU). Goodwill arising from a business combination is allocated to the CGUs or groups of
CGUs that are expected to benefit from the synergies of the combination.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">An impairment loss for goodwill is not reversed. For other
assets, an impairment loss is reversed only to the extent the carrying amount of the assets does not exceed the amount they would have
been determined if the impairment loss had not been recognized.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.11. Provisions</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Group recognizes a provision if the Group has a present
legal or constructive obligation resulting from past events, it is probable that an outflow of resources will be required to settle the obligation;
and the amount payable can be estimated reliably.</P>


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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.12. Personnel benefits</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">a) Short-term personnel benefits</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Short-term personnel benefits are expensed as the related
service is provided. A provision is recognized if the Group has a present legal or constructive obligation to pay this amount as a result
of past services provided by its personnel and the obligation can be estimated reliably.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.13. Share Capital and capital
adjustments</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; text-indent: 1.65pt">The &quot;Share Capital&quot; account
is presented at its nominal value, in accordance with current regulations, and the difference with its restated amount is presented in
the complementary account &ldquo;Capital adjustments&rdquo;.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Transaction costs directly attributable to the issuance of
ordinary shares are recognized as a reduction of the contributions received, net of the related income tax.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.14. Interest income and
expenses</B></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The &ldquo;amortized cost&rdquo; of a financial asset or
financial liability is the amount at which the financial asset or financial liability is measured on initial recognition minus the principal
repayments, plus or minus the</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">cumulative amortization using the effective interest method
of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any ECL allowance. The &ldquo;gross
carrying amount of a financial asset&rdquo; is the amortized cost of a financial asset before adjusting for any ECL allowance.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">However, for financial assets that have become credit-impaired
subsequent to 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 the calculation of interest income reverts to the gross basis.</P>

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

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 64.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">financial assets and liabilities measured at amortized cost; and</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 64.35pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">financial assets measured at fair value through OCI. </FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.15. Commission income and
expenses</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The breakdown of commission income and expenses is presented
in Note 29 and 30 to these financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Since January 1, 2021, the Bank has a 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.16. Leases</B></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">IFRS 16 introduces a single lessee accounting model, requiring
that lessees recognize a right of use of the leased 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 BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 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 25).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2022 and 2021, the Entity had 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 78.6pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT> <FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><I>Contracts that contain a lease</I></FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">At the beginning of the contract, 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 78.6pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><I>As a lessor</I></FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 the ownership of the leased asset. If so, it classifies it as a finance lease, otherwise,
it is an operating lease.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Fixed payments, including payments that are substantially fixed;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Any amounts expected to be collected as guaranteed residual value;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The exercise price of call options, if it is reasonably certain that
they will be exercised;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Any penalties for early termination, if it is reasonably certain that
the contract will be terminated early.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 78.6pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><I>As a lessee</I></FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Group recognizes the right of use of the leased asset
and the lease liability at the beginning of the contract. The right of use is initially measured at cost, which includes the initial amount
of the lease liability adjusted for any lease payments made before the beginning of the contract, plus initial direct costs incurred and
an estimate of the costs for dismantling or restoring the underlying asset, less any incentives received.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The right of use of the leased asset is then depreciated
on a straight-line basis from the beginning of the contract to the expiration of the lease term.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt BBVABentonSans; 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 beginning of the contract, discounted using the Group&rsquo;s incremental borrowing
rate.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Lease payments included in the measurement of the lease liability
include the following items:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; 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: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Fixed payments, including payments that are
substantially fixed;</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: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Variable payments, which depend on a rate or
index, initially measured applying the rate or index as of the lease commencement date;</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: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Any amounts expected to be paid as guaranteed
residual value;</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: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The exercise price of call 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 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: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Any amounts expected to be paid for renewal
periods if it is reasonably certain that the renewal options will be exercised; and</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: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The lease liability is measured at amortized cost, using
the effective interest rate method. It is remeasured when there is a change in future lease payments due to a change in the rate or index,
in the amounts that the Group is expected to pay as guaranteed residual value or if the Group changes the evaluation as regards whether
it will exercise a call, renewal or early termination option.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">When the lease liability is remeasured, the relevant adjustment
is recognized in the right of use of the leased asset.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Lease liabilities denominated in US dollars are translated
into the functional currency at the spot exchange rate at the reporting date. Foreign currency differences arising from translation are
recognized in profit or loss.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The Group has elected not to recognize right of use assets
and liabilities for lease of low-value 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 over the lease term.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 78.6pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><I>COVID-19-related Rent Concessions</I></FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.17. Investments in equity
instruments</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.3.18. Current and deferred
income tax</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">extent that it relates to an item recognized in OCI or directly
in shareholders&rsquo; equity.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">a) Current tax</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">b) Deferred tax</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Deferred income tax recognizes the tax effect of temporary
differences between the carrying amounts of the assets and liabilities and the related tax bases used for tax purposes.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Deferred tax is not recognized for:</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: 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: BBVABentonSans; font-size: 10pt">Temporary differences on the initial recognition
of assets or liabilities in a transaction that is not a business combination and that does not affect accounting nor taxable profit or
loss.</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: 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: BBVABentonSans; font-size: 10pt">Temporary differences related to an investment
in subsidiaries to the extent that is probable that it will not reverse in the foreseeable future; and</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: 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: BBVABentonSans; font-size: 10pt">Taxable temporary differences arising on the
initial recognition of goodwill.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Deferred tax liabilities are recognized for the tax effect
of all taxable temporary differences.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Deferred tax assets are recognized for unused tax losses
and deductible temporary differences to the extent that it is probable that future taxable profits against which they can be used will
be available. Future taxable profits are determined based on the Bank&rsquo;s business plans. Deferred tax assets are reviewed at each
reporting date and are reduced to the extent that is no longer probable that the related tax benefit will be realized; while such reductions
are reversed when the probability of future taxable profits improves.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Unrecognized deferred tax assets are reassessed at each reporting
date and recognized to the extent that it becomes probable that future taxable profit against which they can be used will be available.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Deferred tax is measured at the tax rates that are expected
to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The measurement of deferred tax reflects the tax consequences
that would follow the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets
and liabilities.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Deferred tax assets and liabilities are offset only if certain
criteria are met.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 0; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>2.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Accounting judgments, estimates and assumptions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The preparation of these consolidated financial statements
in accordance with IFRS requires the preparation and consideration, by the Entity&rsquo;s and its subsidiaries&rsquo; Management, of significant
accounting judgments, estimates and assumptions that impact in the reported balances of assets and liabilities, income and expenses, as
well as in the determination and disclosure of contingent assets and liabilities as of the end of the reporting year.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The entries made are based on the best estimate of the probability
of occurrence of different future events. In this sense, the uncertainties associated with the estimates and assumptions adopted may result
in the future in final results that would differ from such estimates and require significant adjustments to the reported balances of the
assets</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">and liabilities affected. Accounting judgments, estimates
and assumptions are reviewed on an ongoing basis and their effects are recognized prospectively.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.4.1. Judgments</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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
2.3 &ldquo;Significant accounting policies&rdquo; under the following headings:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; 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: 28.35pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Note 2.2. &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 Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Note 2.3.4. b) &ndash; &ldquo;Classification
of financial assets&rdquo;</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: 21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Note 2.3.4. f) &ndash; &ldquo;Impairment of
financial assets&rdquo;</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: 21.3pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Note 2.3.16. &ndash; &ldquo;Leases&rdquo; -
&ldquo;Contracts containing a lease&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481; text-indent: 1cm"><B>2.4.2. Assumptions and estimation
of uncertainties</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; 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: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Note 39 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 Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Nota 2.3.11 &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 Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Notes 7, 8 and 9 &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>

<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: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Note 11 &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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; text-indent: 1cm; color: #004481"><B>2.4.3. Measurements at fair
value</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; text-indent: 1cm; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Fair value 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">If there is no quoted price in an active market, then the
Group uses valuation techniques maximizing the use of relevant market inputs and minimizes the use of unobservable inputs. The selection
of a valuation technique considers all factors market participants would take into consideration for the purposes of setting the price
of the transaction.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; 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: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Level 1:</B> quoted prices in active markets
(unadjusted) for identical assets or liabilities.</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: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Level 2:</B> valuation models using observable
market inputs as significant inputs.</FONT></TD></TR></TABLE>


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    <!-- Field: /Page -->

<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: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Level 3:</B> valuation models using unobservable
market inputs as significant inputs.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #004481"><B>2.5. Regulatory changes introduced during
this fiscal year</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><U>Implementation of the impairment model Paragraph 5.5 &ndash;
IFRS 9 in Group &ldquo;C&rdquo; Institutions</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">On March 19, 2020, 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 of IFRS 9 until fiscal years beginning on or after January 1, 2022 for Group &quot;C&quot;
institutions (PSA Finance Argentina Compa&ntilde;&iacute;a Financiera S.A. and Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera
S.A.), 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">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.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Group &ldquo;C&rdquo; entities which are part of the Group
did not exercise this option and as from January 1, 2022, they started applying the impairment model under section 5.5. of IFRS 9 related
to expected credit losses, excluding the debt securities from the nonfinancial public sector from its scope, as established by the BCRA.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #004481"><B>2.6. New pronouncements</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 FACPCE
by means of Notices of Adoption, the BCRA shall issue a statement announcing its approval for financial institutions. In general, the
early application of any IFRS is not permitted, unless specifically permitted at the time of adoption.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The standards and interpretations applicable to the Entity,
issued but ineffective as of the date of these consolidated financial statements are exposed below. The Entity will adopt these standards,
if applicable, when they are effective:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.9pt"></TD><TD STYLE="width: 13.65pt">a)</TD><TD STYLE="text-align: justify">Amendments to IAS 1: classification of liabilities as current and non-current</TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">The IASB published amendments to paragraphs 69 and 76
of IAS 1 to specify the requirements to classify liabilities as current and non-current. Such amendments clarify certain matters related
to the right to differ the settlement of liabilities and the classification of embedded derivatives. Furthermore, it clarifies that in
cases where a conversion option is classified as a liability or part of a liability, the transfer of equity instruments would constitute
settlement of the liability for the purpose of classifying it as current or non-current. These amendments will be effective for fiscal
years starting on or after January 1, 2024. The Entity does not expect that those amendments have significant impact on the financial
statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.9pt"></TD><TD STYLE="width: 13.65pt">b)</TD><TD STYLE="text-align: justify">Amendment to IAS 1 and IFRS Practice Statement 2 - Disclosures of accounting policies</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 BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">These amendments require that an entity discloses its
material accounting policies instead of its significant accounting policies. In addition, within the amendments some explanations were
included on how an entity may identify a material accounting policy together with some examples of when an accounting policy may be material.
To that effect, a guidance with explanations and examples called &ldquo;the 4-step materiality process&rdquo; described in Practice Statement
2 has been developed. This standard will be effective as from January 1, 2023. The Entity does not expect that this amendment has significant
impact on the financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.9pt"></TD><TD STYLE="width: 13.65pt">c)</TD><TD STYLE="text-align: justify">Amendment to IAS 8 &ldquo;Accounting Policies, Changes in Accounting Estimates and Errors&rdquo; - Definition
of accounting estimates</TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">These amendments clarify the distinction between changes
in accounting estimates and changes in accounting policies and correction of errors. They also clarify how an entity uses valuation techniques
and input data to develop accounting estimates. The amendment to this standard clarifies that the effect on an accounting estimate due
to a change in an input or a change in a valuation technique are changes to accounting estimates if they do not result from the correction
of prior period errors. The preceding definition of changes in accounting estimates specified that these changes may result from new information
or new developments. Therefore, these changes are not corrections of errors. This standard will be effective as from January 1, 2023.
The Entity does not expect that those amendments have significant impact on the financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.9pt"></TD><TD STYLE="width: 13.65pt">d)</TD><TD STYLE="text-align: justify">IFRS 17 Insurance Contracts</TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">In May 2017, the IASB issued IFRS 17 &ldquo;Insurance
Contracts&rdquo; (IFRS 17), a new comprehensive accounting standard for insurance contracts that covers the recognition and measurement,
presentation and disclosure. Once effective, IFRS 17 will replace IFRS 4. IFRS 17 is applicable to all kinds of insurance contracts (i.e.
life, non-life, direct insurance and reinsurance), notwithstanding the kind of entity that issues them. In June 2020, the IASB issued
amendments to IFRS 17. These amendments included to change the effective date to 2023. This standard is not applicable to the Entity.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.9pt"></TD><TD STYLE="width: 13.65pt">e)</TD><TD STYLE="text-align: justify">Amendment to IAS 12 &ldquo;Income Tax&rdquo; - Deferred tax related to assets and liabilities arising
from a single transaction</TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">The IASB issued amendments that narrow the scope of the
initial recognition exception under IAS 12, so that it is no longer applicable to transactions that give rise to equal taxable and deductible
temporary differences. The Amendments also clarify that where payments that settle a liability are deductible for tax purposes, it is
a matter of judgement (having considered the applicable tax law) whether such deductions are attributable for tax purposes to the liability
recognized in the financial statements (and interest expense) or to the related asset component (and interest expense). This judgement
is important in determining whether any temporary differences exist on initial recognition of assets and liabilities. This standard will
be effective as from January 1, 2023. The Entity does not expect that those amendments have significant impact on the financial statements.&#8195;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.9pt"></TD><TD STYLE="width: 13.65pt">f)</TD><TD STYLE="text-align: justify">Amendment to IFRS 16 &ndash; Lease liability in a sale and leaseback</TD></TR></TABLE>


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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 BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">In September 2022, the IASB issued amendments to IFRS
16, specifically on the requirements that a lessee-seller uses to measure the lease liability arising in a sale and leaseback transaction,
to ensure that the lessee-seller does not recognize any amount of gain or loss that relates to the right-of-use. The application of these
requirements will not prevent the lessee-seller from recognizing, in profit or loss, any gain or loss related to the partial or total
termination of a lease. The amendment does not prescribe specific measurement requirements for lease liabilities arising from a subsequent
lease. The initial measurement of lease liabilities arising from a subsequent lease may result in the seller-lessee determining 'lease
payments' that are different from the general definition of lease payments. The seller-lessee should develop and apply an accounting policy
that results in information that is relevant and reliable in accordance with IAS 8. These amendments are effective from January 1, 2024.
The Entity does not expect it to have a significant impact on the financial statements.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #004481"><B>2.7. Transcription to the books</B></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">As of the date of these consolidated financial statements,
they are in the process of being transcribed to the Book of Balance Sheets for Publication and result. In addition, the accounting entries
are in the process of being transcribed to the relevant books and records, in accordance with applicable laws in force.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-indent: 1cm; color: #072146"><B>3. Cash and Deposits in Banks</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.2pt">
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify; background-color: white; height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; background-color: white; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; background-color: white; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify; background-color: white; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">BCRA - Current account</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;161,414,645</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;276,574,172</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Cash</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;117,455,922</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;144,641,271</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Balances with other local and foreign financial institutions</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;17,421,747</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,105,394</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;296,292,314</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;425,320,837</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 18pt"><B>4.</B></TD><TD STYLE="text-align: justify"><B>Debt securities at fair value through profit or loss</B></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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; 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="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">BCRA Liquidity Bills</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;14,615,430</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Government securities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,904,532</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,719,594</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Private securities - Corporate bonds</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,519</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;25,519,962</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,721,113</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Derivatives</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">In the ordinary course of business, the group carried
out foreign currency forward transactions with daily or upon-maturity settlement of differences, with no delivery of the underlying asset
and interest rate</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">swap transactions and options. These transactions
do not qualify as hedging pursuant to IFRS 9 - &ldquo;Financial Instruments&rdquo;.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">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 from measurement of financial instruments at fair
value through profit or loss&rdquo;.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 28.3pt">Breakdown is as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Debit balances linked to foreign currency forwards pending settlement in pesos</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,189,239</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5,480,278</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: bottom; height: 13.2pt">Premium for put option taken (*)</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;49,182</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Debit balances linked to interest rate swaps - floating rate for fixed rate</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;29,780</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6,035</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,268,201</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,486,313</TD></TR>
  </TABLE>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 7.1pt 6pt 1cm; text-align: justify">(*) In particular, the Entity subscribed for options
as set forth in Communication &ldquo;A&rdquo; 7546 issued by the BCRA.</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 7.1pt 6pt 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Credit balances linked to foreign currency forwards pending settlement in pesos</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">334,340</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">612,069</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">334,340</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">612,069</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt">
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify; height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="color: #004481; text-decoration: underline; vertical-align: middle; text-align: justify; height: 13.2pt">Foreign currency forwards</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Foreign currency forward purchases - US$</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,165,119</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,189,085</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;Foreign currency forward sales - US$</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,217,856</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,129,832</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;Foreign currency forward sales - Euros</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,825</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;11,432</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; text-decoration: underline; vertical-align: middle; text-align: justify; height: 13.2pt">Interest rate swaps</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;Fixed rate for floating rate (1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,500,000</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">180,000</TD></TR>
  </TABLE>

<P STYLE="font: 11pt BBVABentonSans; margin: 0 7.05pt 0 35.45pt; text-indent: -21.25pt">&nbsp;</P>

<P STYLE="font: 11pt BBVABentonSans; margin: 0 7.05pt 0 35.45pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.05pt 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Repo transactions</B></FONT></TD></TR></TABLE>

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

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

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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 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: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Amounts receivable for reverse repurchase transactions of BCRA Liquidity Bills with the BCRA</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;52,564,802</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;267,934,977</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;52,564,802</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;267,934,977</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify">No repurchase transactions were accounted for as of
December 31, 2022 and 2021.</P>

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

<P STYLE="font: 10pt BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Other financial assets</B></FONT></TD></TR></TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">Measured at amortized cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Other receivables</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;13,762,746</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;13,274,395</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Receivables from sale of ownership interest in Prisma Medios de Pago S.A. (Note 12.1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;10,799,016</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6,670,713</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Financial debtors from spot transactions pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,569,015</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,092,137</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.8pt">Non-financial debtors from spot transactions pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;87,780</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;15,775</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;59,788</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">384,759</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;29,278,345</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;25,437,779</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">Measured at fair value through profit or loss</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Mutual funds</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,926,704</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,710,885</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,926,704</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,710,885</TD></TR>
  <TR STYLE="height: 9pt; vertical-align: bottom; background-color: White">
    <TD STYLE="height: 9pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(462,035)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(561,113)</TD></TR>
  <TR STYLE="height: 9.75pt; vertical-align: bottom; background-color: White">
    <TD STYLE="height: 9.75pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;32,743,014</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;28,587,551</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>8.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Loans and other financing</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Credit cards</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;274,537,256</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;306,094,971</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Consumer loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;71,324,186</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;79,769,338</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Overdrafts</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;62,947,418</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;43,883,358</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Discounted instruments</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;58,508,686</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;56,750,248</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Unsecured instruments</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;58,203,908</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;39,743,482</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Mortgage loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;38,509,996</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;44,624,959</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Loans for the prefinancing and financing of exports</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;25,073,189</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;25,990,486</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Pledge loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;24,708,033</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;31,832,424</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Receivables from finance leases</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">6,388,015</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,673,027</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Loans to personnel</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,822,005</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,681,248</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Other financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,464,832</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">8,282,236</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Instruments purchased</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">976,266</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,580,387</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">BCRA&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">9,034</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.8pt">Non-financial government sector</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,399</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,441</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Other financing</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;107,512,002</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;113,031,226</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;737,986,225</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;764,938,831</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(20,889,723)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(26,595,184)</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;717,096,502</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;738,343,647</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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 collections 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>

<P STYLE="font: 12pt BBVABentonSans; 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">
  <TR STYLE="height: 13.8pt; vertical-align: middle">
    <TD STYLE="text-align: center; color: #072346; font-weight: bold; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #072346; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #072346; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="text-align: center; color: #072346; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #072346; font-weight: bold; text-align: center">12.31.21</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="text-align: left; color: #072346; font-weight: bold; height: 12.75pt; width: 39%">Term</TD>
    <TD STYLE="text-align: center; color: #072346; font-weight: bold; width: 4%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072346; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 13%">Total investment</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072346; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 13%">Current value of minimum payments</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: center; width: 4%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072346; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 13%">Total investment</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072346; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 13%">Current value of minimum payments</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 30pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 30pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Up to 1 year</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;3,282,675</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,388,031</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,778,486</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,564,448</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.2pt">From 1 to 2 years</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;3,211,952</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,643,654</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,520,103</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,578,789</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">From 2 to 3 years</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,542,373</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,540,606</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,035,171</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,471,596</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.2pt">From 3 to 4 years</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,498,386</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,061,905</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;964,351</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;709,618</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">From 4 to 5 years</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;781,319</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;753,819</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;352,803</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;348,576</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.8pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-align: center; height: 13.8pt">TOTAL</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">11,316,705</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;6,388,015</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;8,650,914</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;5,673,027</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.8pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Principal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;6,211,711</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;5,497,098</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.8pt">Interest accrued</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;176,304</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;175,929</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.8pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: White">
    <TD STYLE="color: #072346; font-weight: bold; text-align: center; height: 13.8pt">TOTAL</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072346; font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;6,388,015</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072346; font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;5,673,027</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: right">&nbsp;</TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: center">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.05pt 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: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: center; height: 13.2pt">Total Exhibits B and C</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;762,224,590</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;781,314,865</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; height: 13.2pt">Plus:</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 13.2pt">&nbsp;BCRA</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">9,034</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 13.2pt">&nbsp;Loans to personnel</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,822,005</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,681,248</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">&nbsp;Interest and other items accrued receivable from financial assets with credit value impairment</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">222,709</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">883,552</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; height: 13.2pt">Less:</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(20,889,723)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(26,595,184)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Adjustments for effective interest rate</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(6,726,213)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(7,097,251)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Corporate bonds</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(3,783,186)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(2,718,067)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Loan commitments</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(18,782,714)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(13,125,516)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; height: 13.8pt">Total loans and other financing</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;717,096,502</TD>
    <TD STYLE="color: red; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;738,343,647</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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Note 42.2 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>


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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><U>Trade-related loans</U></P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR>
    <TD STYLE="vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 57%"><B>Economic Area/Activity</B></TD>
    <TD STYLE="vertical-align: bottom; width: 8%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; vertical-align: bottom; text-align: center; width: 17%"><B>&nbsp;12.31.22&nbsp;</B></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 1%"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; vertical-align: bottom; text-align: center; width: 17%"><B>&nbsp;12.31.21&nbsp;</B></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Consumption</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388,105,162</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420,590,149</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Other products</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76,722,856</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82,191,166</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63,090,447</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98,291,398</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Agriculture and livestock</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,063,424</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,275,086</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Retail and wholesale</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,914,465</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,275,714</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Mining</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,098,571</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,440,598</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Services</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,635,739</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,711,195</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Transport</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,734,714</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,777,202</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Construction</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,268,637</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,255,877</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Other financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,396,303</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,201,091</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Electricity, oil, water and healthcare services</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,055,751</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332,730</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Argentine Central Bank (BCRA)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="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;9,034</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="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;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Non-financial government sector</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="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;1,399</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="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;1,441</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: middle; text-align: justify"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL</B></TD>
    <TD STYLE="color: #072146; vertical-align: bottom"><B>&nbsp;</B></TD>
    <TD STYLE="color: #072146; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717,096,502</B></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><B>&nbsp;</B></TD>
    <TD STYLE="color: #072146; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738,343,647</B></TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2022 and 2021, 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 BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Liabilities related to foreign trade transactions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">8,474,253</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,670,457</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Secured loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">6,648,750</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,567,326</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Overdrafts and receivables agreed not used</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,120,342</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,224,017</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Guarantees granted</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,539,369</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,663,716</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;18,782,714</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;13,125,516</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: center; text-indent: -0.05pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -0.05pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 42.1.).</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B><U>Financing line for productive investments </U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The facilities should be granted as part of the 2020, 2021,
2021/2022, 2022 and 2022/2023 Quotas, pursuant to the following conditions:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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<P STYLE="text-align: center; font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 8pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSansLight">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border: Black 0.5pt solid; text-align: center; width: 22%">Item</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt; width: 16%">2020 Quota</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt; width: 16%">2021 Quota</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt; width: 14%">2021/2022 Quota</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt; width: 16%">2022 Quota</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt; width: 16%">2022/2023 Quota</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Applicable rule</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&ldquo;B&rdquo; 12161</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&ldquo;B&rdquo; 12164</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&ldquo;B&rdquo; 12238</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&ldquo;B&rdquo; 12326</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&ldquo;B&rdquo; 12413 &ndash;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;A&rdquo; 7612</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Amount to be granted</TD>
    <TD COLSPAN="5" STYLE="border-right: Black 0.5pt solid; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: center">At least, the equivalent to 7.5% of the monthly average of daily balances of non-financial private sector deposits in pesos a month prior to the beginning of the period.</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Calculation of application</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Between 10.16.2020 and 03.31.2021</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Between 04.01.2021 and 09.30.2021</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Between 10.01.2021 and 03.31.2022</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Between 04.01.2022 and 09.30.2022</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Between 10.01.2022 and 03.31.2023</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Maximum interest rate</TD>
    <TD COLSPAN="4" STYLE="border-right: Black 0.5pt solid; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Interest rate shall be capped at an annual nominal fixed rate of 35% for investment projects and at a nominal annual fixed rate of 45.5% for other purposes.</TD>
    <TD STYLE="vertical-align: top; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Interest rate shall be capped at a nominal annual fixed rate of 64.50% for investment projects and at a nominal annual fixed rate of 75.50% for other purposes.</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Currency</TD>
    <TD COLSPAN="5" STYLE="border-right: Black 0.5pt solid; color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">Pesos</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Minimum rate</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">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.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2022, the total amount disbursed by the
Entity meets the BCRA requirement.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; 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: 27%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Quota</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 24%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Minimum amount to be allocated (1)</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top; width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; text-align: center"><B>Simple Average of Daily Balances</B></P>
    <P STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; text-align: center"><B>(1)</B></P></TD>
    <TD STYLE="text-align: center; width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; text-align: center"><B>Disbursed Amount</B></P>
    <P STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; text-align: center"><B>(1)</B></P></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; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2020 Quota </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">19,730,132</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">25,291,147</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; 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; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2021 Quota</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">24,449,302</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">30,093,764</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; 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; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2021/2022 Quota</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">32,447,048</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">43,434,402</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>62,449,414</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; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2022 Quota</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">42,867,291</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">63,022,460</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>98,200,990</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; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2022/2023 Quota</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">42,867,291</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(*)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>(*)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">(*) As of the date of these financial statements, the term
reported by Communication &ldquo;B&rdquo; 12413 has not expired.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">(1) The amounts are exposed in nominal currency.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -18pt; color: #072146"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>9.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other debt securities</FONT></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 BBVABentonSans; margin: 0; text-align: justify; text-indent: 1cm; color: #004481"><B>9.1. Financial assets measured
at amortized cost</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.05pt 0 0; text-indent: 14.2pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; background-color: white; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Argentine Treasury Bond in pesos at 43.25% fixed rate or CER+1%, the lower. Maturity May 2027</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;32,432,677</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Argentine Treasury Bond in pesos at 0.7% Private Badlar Rate. Maturity 11-23-2027</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;12,094,420</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Argentine Treasury Bond in pesos at 22% fixed rate. Maturity May 2022</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;43,956,008</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;44,527,097</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;43,956,008</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 24.65pt; text-align: justify; color: #004481"><B>9.2. Financial assets measured at
fair value through OCI</B></P>

<P STYLE="font: 12pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">BCRA Liquidity Bills</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;468,895,259</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;209,779,172</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Government securities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;125,832,474</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;103,965,304</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Private securities - Corporate bonds</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,722,935</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,648,245</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">BCRA Local Bills</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,125,540</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;600,576,208</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;316,392,721</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 14.15pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2%"></TD><TD STYLE="width: 3%"><B>10.</B></TD><TD STYLE="text-align: justify"><B>Financial assets pledged as collateral</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">The breakdown of the financial assets pledged as collateral
as of December 31, 2022 and 2021 is included below:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Guarantee trust - Government securities at fair value through OCI</TD>
    <TD STYLE="vertical-align: middle; text-align: center">(2)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;16,699,438</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">8,988,656</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">BCRA - Special guarantee accounts (Note 46.1)</TD>
    <TD STYLE="vertical-align: middle; text-align: center">(1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;13,866,345</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;14,215,377</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Deposits as collateral</TD>
    <TD STYLE="vertical-align: middle; text-align: center">(3)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">8,237,870</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">7,949,925</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Guarantee trust - USD&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">(4)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">7,391,466</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">8,352,146</TD></TR>
  <TR STYLE="height: 9.75pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;46,195,119</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;39,506,104</TD></TR>
  </TABLE>

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">(4)</TD><TD STYLE="text-align: justify">The trust is composed of dollars in cash as collateral for activities related to the transactions on MAE
and BYMA.</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="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>11.</B></TD><TD STYLE="text-align: justify"><B>Income Tax:</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">This tax should be booked using the liability method, recognizing
(as credit or debt) the tax effect of temporary differences between the accounting valuation and the tax valuation of assets and liabilities,
and its subsequent charge to profit or loss for the year in which its reversion occurs, also considering the possibility of taking advantage
of tax losses in the future.</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 6pt; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Current income tax assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 46.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 46.35pt; text-align: justify">Below is a breakdown of the current income tax assets
disclosed in the statement of financial position:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 49.65pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="color: #072146; height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 13.2pt">Income tax assets</TD>
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;4,390,609</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 13.2pt">Advances</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;38,707</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;711</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="color: #072146; vertical-align: bottom; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;38,707</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,391,320</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 49.65pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Current income tax liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 46.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 46.35pt; text-align: justify">Below is a breakdown of the current income tax liabilities
disclosed in the statement of financial position:</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 6pt 0 6pt 46.35pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="color: #072146; height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">12.31.21</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Income tax provision</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;8,108,398</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">942,536</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Advances</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(762,791)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(185,191)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 13.2pt">Collections and withholdings</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(97,528)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(67,253)</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: middle; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;7,248,079</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">690,092</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; text-indent: -14.2pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Deferred Income Tax</B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 49.65pt">The deferred tax assets and liabilities disclosed in the statement of financial
position are as follows:</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.8pt">
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center; height: 13.8pt; width: 54%">Deferred tax assets:</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 16%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 14%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 14%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: bottom; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Loan loss allowance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;5,032,361</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,815,236</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.2pt">Provisions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;12,614,464</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,918,754</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Loan and credit card commissions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,221,034</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;989,255</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.2pt">Derivatives</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;25,456</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Tax inflation adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,485,078</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,193,907</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.2pt">Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;43</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,588</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Tax losses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;882,062</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;297,125</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: bottom; height: 13.2pt">Investments</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5,683</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,876</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; height: 13.8pt">Total deferred assets</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;22,240,725</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;22,244,197</TD></TR>
</TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: bottom; height: 13.2pt; width: 54%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 14%">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center; height: 13.2pt">Deferred tax liabilities:</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="font-style: italic; vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Intangible Assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(4,838,582)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(4,265,328)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.2pt">Property and Equipment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(13,011,796)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(27,473,603)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Investments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(9,527,175)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(4,756,220)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.2pt">Leasing and other items</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(34,583)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(32,645)</TD></TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-style: italic; text-align: justify; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; height: 13.8pt">Total deferred liabilities</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(27,412,136)</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(36,527,796)</TD></TR>
  <TR STYLE="height: 14.4pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: justify; height: 14.4pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; height: 13.8pt">Net deferred tax liabilities</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(5,171,411)</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(14,283,599)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">In the consolidated financial statements, the (current and
deferred) income tax assets of a Group entity will not be offset with the (current and deferred) income tax liabilities of another Group
entity because they are related to income tax amounts borne by different taxpayers and also because they do not have legal rights before
tax authorities to pay or receive any amounts to settle the net position. Considering the above, below is a breakdown of the deferred
income tax assets and liabilities disclosed in the consolidated statement of financial position:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: bottom; height: 13.2pt; width: 54%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 14%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 14%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: bottom; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; height: 13.2pt">&nbsp;Deferred income tax assets&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;1,520,164</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,707,156</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; height: 13.2pt">&nbsp;Deferred income tax liabilities&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(6,691,575)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(15,990,755)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; height: 17.25pt">Net deferred tax liabilities</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(5,171,411)</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(14,283,599)</TD></TR>
  </TABLE>

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    <!-- Field: /Page -->

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

<P STYLE="font: 12pt 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: 6pt; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Income Tax</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 46.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 46.35pt; text-align: justify">Below are the main components of the income tax (expense)/benefit
in the consolidated financial statements for the year:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="color: #072146; height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">12.31.21</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 13.8pt">Current income tax liabilities</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(8,738,980)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;14,079,382</TD></TR>
  <TR STYLE="height: 15pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 15pt">Deferred income tax</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;4,816,307</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(13,923,983)</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; height: 13.8pt">Income tax recognized through profit or loss</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;(3,922,673)</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">155,399</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: middle">Income tax recognized through OCI</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;3,805,803</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;(389,109)</TD></TR>
  <TR STYLE="height: 5.25pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; height: 13.8pt">Total income tax</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(116,870)</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(233,710)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The income tax expense for the fiscal year ended December
31, 2022 was calculated considering the position presented by the Entity before AFIP, as stated under &ldquo;Inflation adjustment for
tax purposes. Fiscal year 2021&rdquo; to this Note.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Furthermore, the income tax benefit for the fiscal 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.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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, 2022, comparative with the previous year:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: middle; text-align: center; height: 13.2pt; width: 54%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center; width: 16%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 14%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 14%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 5.25pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">Income before income tax</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;61,857,044</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;41,067,576</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.2pt">Income tax rate</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">35%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">35%</TD></TR>
  <TR STYLE="height: 6pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; height: 13.2pt">&nbsp;Tax on taxable income&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;21,649,965</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;14,373,652</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="height: 13.2pt">Permanent differences:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left; height: 13.2pt">Non-taxable income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(148,549)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(579,241)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left; height: 13.2pt">Non-income tax deductible expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;152,789</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;284,293</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left; height: 13.2pt">Effect of tax rate change</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(520,492)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,876,256</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left; height: 13.2pt">Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;125,248</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left; height: 13.2pt">Accounting inflation adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;65,241,259</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;37,669,062</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left; height: 13.2pt">Tax inflation adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(82,362,333)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(39,869,480)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left; height: 13.2pt">Recovery of allowance for filing actions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(13,084,114)</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left; height: 13.2pt">2021 tax return adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(89,966)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,951,075)</TD></TR>
  <TR STYLE="height: 5.25pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left; height: 5.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; height: 13.8pt">Income tax expense / (benefit)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;3,922,673</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(155,399)</TD></TR>
  </TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; 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: 6pt; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>e)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Inflation adjustment for tax purposes</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Law No. 27,430 of Tax Reform, as amended by Laws No. 27,468
and 27,541, sets forth the following as regards the inflation adjustment for tax purposes, effective for fiscal years started on or after
January 1, 2018:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Such adjustment will be applicable in the tax
year in which the percentage variation of the general consumer price index at national level (CPI) exceeds 100% in the thirty-six months
prior to the end of the reporting fiscal year;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 2cm; text-align: justify; 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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Regarding the first, second and third fiscal
years as from January 1, 2018, the procedure will be applicable in the event that the variation of such index, calculated from the beginning
and until the closing of each of those fiscal years, exceeds 55%, 30% and 15% for the first, second and third years of application, respectively;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 2cm; text-align: justify; 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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">iii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The effect of the positive or negative inflation
adjustment for tax purposes, as the case may be, corresponding to the first, second and third fiscal years started on or after January
1, 2018, is charged one third in that tax year and the remaining two thirds, in equal parts, in the two immediately following tax years;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 2cm; text-align: justify; 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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">iv.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The effect of the positive or negative inflation
adjustment corresponding to the first and second tax years starting on or after January 1, 2019, is charged one-sixth in the tax year
in which the adjustment is determined and the remaining five-sixths in the immediately following tax years; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 2cm; text-align: justify; 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: 49.75pt"></TD><TD STYLE="width: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">v.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">For tax years beginning on or after January
1, 2021, 100% of the adjustment may be deducted in the year in which it is determined.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2022, the parameters established by the
income tax law to apply the inflation adjustment for tax purposes are met and the effects arising from the application of such adjustment
as provided by law have been included when booking current and deferred income tax.</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 6pt; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>f)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Income Tax Corporate Rate</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Law No. 27,630, enacted on June 16, 2021 through Decree No.
387/2021, set forth for fiscal years starting on or after January 1, 2021, a tax rate scale scheme of 25%, 30% and 35% to be progressively
applied according to the level of taxable net income accumulated as of each fiscal year end. In these financial statements, the Entity
and its subsidiaries have determined the current income tax using the progressive tax rate that is expected to be applicable to the total
expected income for the year, while deferred income tax balances were measured using the progressive tax rate that is expected to be in
effect when the temporary differences are reversed.</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 6pt; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>g)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Other tax matters</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 0; color: #004481"><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: BBVABentonSans; font-size: 10pt"><B>Inflation adjustment for tax purposes. Fiscal
years 2016, 2017 and 2018</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 36pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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.</P>


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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 year 2016
is not applicable to the instant case.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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 (3,086,715 in values restated as of December 31, 2022).</P>

<P STYLE="font: 10pt BBVABentonSans; 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 withdrawal</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 12pt 21.3pt; text-align: justify">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 BBVABentonSans; 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.
Finally, on May 10, 2022, the Appellate Court considered that AFIP had withdrawn its appeal with respect to the judgment on the merits.</P>

<P STYLE="font: 10pt BBVABentonSans; 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 (9,997,399
in values restated as of December 31, 2022), 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 BBVABentonSans; margin: 0 0 12pt 21.3pt; text-align: justify">On October 5, 2022, the Federal Contentious Administrative
Trial Court No. 2 issued a favorable decision on the unconstitutionality action filed with respect to the regulations banning the application
of title VI of the adjustment for inflation in the 2018 income tax return.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 12pt 21.3pt; text-align: justify">Based on the foregoing, as of December 31, 2022, the
Entity has no liabilities for the items referred to above.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-indent: 0cm; color: #004481">-<FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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 BBVABentonSans; 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 Public Emergency Law, 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #004481"><B>- Inflation adjustment for tax purposes.
Fiscal year 2020</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt BBVABentonSans; 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
Public Emergency Law.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 (16,695,615 in restated values), with the ensuing impact on deferred tax assets by 5,033,000 (decrease) (14,798,331 in restated
values) and on the income tax expense of 784,000 (1,897,285 in restated values).</P>

<P STYLE="font: 10pt BBVABentonSans; 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; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Inflation adjustment for tax purposes. Fiscal
year 2021</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">On June 30, 2022, the Bank filed a prior administrative
claim before the AFIP in order to obtain the recognition of the corrective tax return in less filed on June 30, 2022 with respect to the
Income Tax for the 2021 tax year for 309,000 (in nominal values), on the grounds that the partial application of the correction mechanisms
of the inflation adjustment under the provisions of Section 93 of the Income Tax Law is unconstitutional, since it affects the principle
of reasonableness, equality, contributive capacity and confiscatory nature.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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; color: #004481"><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: BBVABentonSans; font-size: 10pt"><B>Requests for refund. Fiscal years 2013,
2014 and 2015</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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, respectively, in nominal values.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 fiscal years 2013 and 2014 was filed, and the related judicial action was filed on September 23, 2016 for both fiscal years, given
that no answer was received from AFIP.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 (nominal values)
paid in</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">excess of the income tax liability for fiscal year 2013,
plus accrued interest. The National Tax Authority filed an appeal against the judgment. <FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">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. </FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">On June 28, 2022, the Federal Appellate Court on Administrative
Matters (Courtroom VII) rendered judgment in favor of the Bank as regards the recovery of the income tax for tax period 2015 and AFIP
appealed such judgment.</P>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 0 21.3pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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>


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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>12.</B></TD><TD STYLE="text-align: justify"><B>Investments in equity instruments</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #004481"><B>12.1 Investments in equity instruments
through profit or loss</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Private securities - Shares in other non-controlled companies</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">877,879</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">748,613</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Prisma Medios de Pago S.A.&nbsp;&nbsp;(1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,500,391</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">877,879</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,249,004</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">(1) 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 Prisma Medios de Pago S.A.</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">On March 18, 2022, the transfer of all the remaining shareholding
of the Bank in Prisma Medios de Pago S.A. was consummated for a price of US$&nbsp;40,038,121.84. Such amount will be paid as follows:
(i) 30% in Pesos adjustable by CER (UVA) at an annual nominal rate of 15% and (ii) 70% in US Dollars at an annual nominal rate of 10%
within a term of six years.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #004481"><B>12.2 Investments in equity instruments
through other comprehensive income</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 30.1pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.8pt">Banco Latinoam&eacute;ricano de Exportaciones S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;58,025</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;67,307</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,443</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,981</TD></TR>
  <TR STYLE="height: 9pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify; height: 13.8pt">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;60,468</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;70,288</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>13.</B></TD><TD STYLE="text-align: justify"><B>Investments in associates</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">BBVA Seguros Argentina S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,197,152</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,325,212</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Rombo Compa&ntilde;&iacute;a Financiera S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">744,208</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,539,529</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Interbanking S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">823,993</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">623,016</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left; height: 13.2pt">Play Digital S.A.&nbsp;&nbsp;(1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">486,571</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">222,162</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Openpay Argentina S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">215,501</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">285,733</TD></TR>
  <TR STYLE="height: 9pt; background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left; height: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; height: 13.8pt">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,467,425</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,995,652</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">(1) In order to determine the value of this investment,
the accounting information of Play Digital S.A. as of September 30, 2022 has been used. In addition, the significant transactions made
or events occurred between October 1, 2022 and December 31, 2022 were considered. See Note 53 &ndash; Subsequent events.</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>14.</B></TD><TD STYLE="text-align: justify"><B>Property and equipment</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; 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="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt; width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real estate</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;70,810,561</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;72,409,283</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Furniture and facilities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;12,769,142</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;13,641,782</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Right of use of leased real estate</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,855,708</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">6,698,434</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Constructions in progress</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,270,148</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,185,255</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Machinery and equipment</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,118,798</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,071,597</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Vehicles</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">280,037</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">184,925</TD></TR>
  <TR STYLE="height: 9.75pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 9.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; height: 13.8pt">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;96,104,394</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;99,191,276</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.5pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 25 to these consolidated financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.5pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 certain pieces of real estate exceeds their
recoverable value Therefore, such amount should be written down to the recoverable value.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The impairment of assets recorded under the item &ldquo;Property
and equipment&rdquo; is reported below:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="height: 13.2pt">
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; height: 13.2pt">Item</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;Impairment&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt">
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; height: 13.2pt; width: 58%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.2022&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.2021&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; vertical-align: bottom">
    <TD STYLE="height: 13.2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real Estate - Lavallol</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(21,502)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(14,500)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real Estate - Monte Grande</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(95,769)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(58,925)</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real Estate - Caleta Olivia, Santa Cruz</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(23,915)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real Estate - Cerro Las Rosas</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(49,898)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real Estate - Libertador</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(350,613)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real Estate - Store 1 Puerto Madero</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(132,586)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real Estate - Store 5 Puerto Madero</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(82,755)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real Estate - Mar del Plata</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(9,708)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="height: 13.2pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 13.2pt">Real Estate - Bah&iacute;a Blanca</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(10,440)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="height: 12pt; background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify; height: 12pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 300px; color: #072146; font-weight: bold; vertical-align: middle; text-align: left; height: 13.8pt">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(777,186)</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(73,425)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The changes in this item for year 2022 are reported in Exhibit
F, and the changes for year 2021 are reported below:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 7pt">
  <TR STYLE="height: 13.8pt; vertical-align: bottom">
    <TD STYLE="font-size: 11pt; height: 13.8pt; width: 26%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 6%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 6%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 7%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 7%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="height: 15pt; vertical-align: bottom">
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; vertical-align: bottom; color: #072146; font-weight: bold; text-align: center">&nbsp;ITEM&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Original value as of 01.01.21&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Total estimated useful life in years&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Additions&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Derecognitions&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Impairment&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Depreciation&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Residual value as of 12.31.2021&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; vertical-align: bottom; color: #072146; font-weight: bold; text-align: center">&nbsp;Loss&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Accumulated as of 01.01.21&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Derecognitions&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;For the year&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;At year end&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; vertical-align: middle">
    <TD STYLE="text-align: center; font-weight: bold; height: 13.8pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 13.8pt">Real estate</TD>
    <TD STYLE="vertical-align: middle; text-align: right">75,181,977</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">50</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;5,614,892</TD>
    <TD STYLE="vertical-align: middle; text-align: right">33,121</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;73,425</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;6,542,286</TD>
    <TD STYLE="vertical-align: middle; text-align: right">33,121</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;1,771,875</TD>
    <TD STYLE="vertical-align: middle; text-align: right">8,281,040</TD>
    <TD STYLE="vertical-align: middle; text-align: right">72,409,283</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 13.8pt">Furniture and facilities</TD>
    <TD STYLE="vertical-align: middle; text-align: right">23,676,431</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">10</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;1,676,985</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;669,115</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;9,201,800</TD>
    <TD STYLE="vertical-align: middle; text-align: right">669,112</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;2,509,831</TD>
    <TD STYLE="vertical-align: middle; text-align: right">11,042,519</TD>
    <TD STYLE="vertical-align: middle; text-align: right">13,641,782</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 13.8pt">Machinery and equipment</TD>
    <TD STYLE="vertical-align: middle; text-align: right">13,098,083</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">10</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;1,644,325</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,584,372</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;6,803,537</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;4,584,372</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;3,867,274</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6,086,439</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,071,597</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 13.8pt">Vehicles</TD>
    <TD STYLE="vertical-align: middle; text-align: right">468,158</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">10</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;87,462</TD>
    <TD STYLE="vertical-align: middle; text-align: right">25,329</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">299,442</TD>
    <TD STYLE="vertical-align: middle; text-align: right">28,838</TD>
    <TD STYLE="vertical-align: middle; text-align: right">74,762</TD>
    <TD STYLE="vertical-align: middle; text-align: right">345,366</TD>
    <TD STYLE="vertical-align: middle; text-align: right">184,925</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 13.8pt">Right of use of leased properties</TD>
    <TD STYLE="vertical-align: middle; text-align: right">12,011,552</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">10</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;1,631,030</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;726,563</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;4,204,777</TD>
    <TD STYLE="vertical-align: middle; text-align: right">20,435</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;2,033,243</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6,217,585</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6,698,434</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.8pt; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; height: 13.8pt">Constructions in progress</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,902,057</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;1,482,711</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,199,513</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,185,255</TD></TR>
  <TR STYLE="height: 5.25pt; background-color: White">
    <TD STYLE="vertical-align: middle; height: 5.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.4pt; vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; height: 14.4pt">&nbsp;Total&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;126,338,258</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;12,137,405</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,238,013</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;73,425</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;27,051,842</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,335,878</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,256,985</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;31,972,949</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;99,191,276</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>15.Intangible</B></TD><TD STYLE="text-align: justify"><B>assets</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Licenses - Software</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,617,561</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,159,804</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">9,617,561</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,159,804</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The changes in this item for year 2022 are reported in Exhibit
&ldquo;G&rdquo;, and the changes for year 2021 are reported below:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0; text-indent: 21.3pt"></P>
<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 7pt">
  <TR STYLE="vertical-align: bottom">
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;ITEM&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Original value as of 01.01.21&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Total estimated useful life in years&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Additions&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Derecognitions&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Impairment&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Depreciation&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Residual value as of 12.31.2021&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Loss&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Accumulated as of 01.01.21&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Derecognitions&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;For the year&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;At year end&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; width: 26%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 6%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 6%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 7%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 7%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">Licenses - Software</TD>
    <TD STYLE="vertical-align: middle; text-align: right">7,305,848</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">5</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;3,529,654</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,684,813</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;2,737,022</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,167,372</TD>
    <TD STYLE="vertical-align: middle; text-align: right">421,235</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,990,885</TD>
    <TD STYLE="vertical-align: middle; text-align: right">7,159,804</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;Total&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;7,305,848</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,529,654</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,684,813</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,737,022</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,167,372</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">421,235</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,990,885</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,159,804</TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0"><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="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: center; text-indent: 14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>16.</B></TD><TD STYLE="text-align: justify"><B>Other non-financial assets</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; 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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Investment properties</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;19,737,520</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,454,122</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Prepayments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,567,227</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,391,905</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Tax advances</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,546,262</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,020,599</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Advances to personnel</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,597,335</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,423,642</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Advances to suppliers of goods</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">900,865</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">986,280</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other miscellaneous assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">498,605</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">555,129</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Assets acquired as security for loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;26,340</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;28,070</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">267,806</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">285,330</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;29,141,960</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;17,145,077</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The changes in this item for year 2022 are reported in Exhibit
F, and the changes for year 2021 are reported below:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 7pt">
  <TR STYLE="vertical-align: bottom">
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;ITEM&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Original value as of 01.01.21&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Total estimated useful life in years&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Additions&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Derecognitions&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Impairment&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Depreciation&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;Residual value as of 12.31.2021&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Loss&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Accumulated as of01.01.21&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Derecognitions&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;For the year&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;At year end&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; width: 26%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 6%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 6%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 7%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 7%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">Leased properties</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;5,493,993</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">50</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">332,771</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">93,787</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;426,558</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5,067,435</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">Other investment properties</TD>
    <TD STYLE="vertical-align: middle; text-align: right">446,411</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">10</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">49,795</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;9,929</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;59,724</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;386,687</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;Total&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,940,404</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">382,566</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">103,716</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;486,282</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,454,122</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 12pt; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>17.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Non-current assets held for sale</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Property and equipment held for sale</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">225,079</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">588,486</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">225,079</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">588,486</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 two pieces of property exceeds its recoverable
value. Therefore, such amount should be written down to the recoverable value.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">On July 13, 2022, the Fundaci&oacute;n BBVA real estate property
booked under this account was sold. The profit (loss) on the sale was booked under &ldquo;Other operating income - Profit (loss) on the
sale of noncurrent assets held for sale&rdquo; (Note 34).</P>


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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The impairment of non-current assets held for sale is reported
below:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 2cm; text-align: justify; text-indent: -42.5pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">Item</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Impairment&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 58%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.2022&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.2021&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate held for sale - Fisherton</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(87,487)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(75,821)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate held for sale - Mendoza</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(396)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(87,883)</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(75,821)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>18.</B></TD><TD><B>Deposits</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 7.1pt 0 14.2pt; 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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Non-financial government sector</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">9,680,134</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;25,857,759</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Financial sector</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">340,009</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">423,287</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Non-financial private sector and residents abroad</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;1,303,800,085</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;1,353,508,964</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Savings accounts</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;499,037,378</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;555,534,445</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Time deposits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;414,773,153</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;336,738,717</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Checking accounts</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;253,464,723</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;331,959,368</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Investment accounts</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;125,945,113</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;116,623,934</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,579,718</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;12,652,500</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;1,313,820,228</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;1,379,790,010</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>19.</B></TD><TD STYLE="text-align: justify"><B>Liabilities at fair value through profit or loss</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">No transactions were accounted for the years ended on
December 31, 2022 and 2021.</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>20.</B></TD><TD STYLE="text-align: justify"><B>Other financial liabilities</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 7.1pt">&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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Obligations from financing of purchases</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;82,584,306</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;89,019,876</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Collections and other transactions on behalf of third parties</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">8,428,501</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,168,381</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Payment orders pending credit</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">6,527,468</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,415,163</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Funds collected under AFIP's instructions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,680,637</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,180,209</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Liabilities for leases (Note 25)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,126,737</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,691,452</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Receivables from spot purchases pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,902,928</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,782,670</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Credit balance for spot purchases or sales pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,656,925</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;12,015</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Commissions accrued payable</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;40,843</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;68,565</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,484,076</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,639,465</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;118,432,421</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;119,977,796</TD></TR>
  </TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>21.</B></TD><TD STYLE="text-align: justify"><B>Financing received from the BCRA and other financial institutions</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">Local financial institutions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;19,225,493</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;22,815,092</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Foreign financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">559,652</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">BCRA</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;87,997</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;88,691</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;19,873,142</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;22,903,783</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>22.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Corporate bonds issued</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">Below is a detail of outstanding corporate bonds as
of December 31, 2022 and 2021 of the Bank and its subsidiaries:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Detail</B></FONT></TD>
    <TD STYLE="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Issuance date</B></FONT></TD>
    <TD STYLE="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Nominal value</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Maturity date</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Annual Nominal Rate</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Payment of interest</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Outstanding securities as of 12.31.22</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Outstanding securities as of 12.31.2021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Class 8 Volkswagen Financial Services </FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">09.30.2020</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5,158</FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">03.30.2023</FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">UVA (class 8 )</FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Quarterly</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">60,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;584,379 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Total Consolidated Principal</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>60,000</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>584,379</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Consolidated Interest Accrued</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>131,183</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>395,381</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>Total Consolidated Principal and Interest Accrued</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>191,183</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>979,760</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify"><U>Definitions:</U></P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 7pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt BBVABentonSans; 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: 10pt BBVABentonSans; margin: 0 7pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 35.45pt; text-align: justify; text-indent: -18pt; color: #072146"><B>23.Provisions</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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Provision for contingent commitments (Exhibits J and R)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,694,198</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,662,857</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Provisions for termination plans (Exhibit J)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">454,017</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">512,723</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">For administrative, disciplinary and criminal penalties (Note 51 and Exhibit J)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5,000</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">9,740</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: justify">Provisions for reorganization (Exhibit J)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,616,915</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other contingencies (Exhibit J)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,516,230</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">6,131,735</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left">Provision for commercial lawsuits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,496,091</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,735,527</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left">Provision for labor lawsuits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">614,825</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">552,679</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left">Provision for tax lawsuits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">594,810</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">627,828</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">810,504</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">215,701</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">8,669,445</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,933,970</TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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-family: BBVABentonSans; 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 BBVABentonSans; 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-family: BBVABentonSans; 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 BBVABentonSans; 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-family: BBVABentonSans; 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 BBVABentonSans; 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-family: BBVABentonSans; 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 BBVABentonSans; 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-family: BBVABentonSans; 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 BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">The Group considers that the provisions as of December
31, 2022 will originate the following cash disbursements:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR>
    <TD ROWSPAN="2" STYLE="color: #070321; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center; width: 63%">Provisions</TD>
    <TD STYLE="color: #070321; vertical-align: bottom; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="color: #070321; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #070321; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center; width: 12%">Within 12 months</TD>
    <TD ROWSPAN="2" STYLE="color: #070321; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center; width: 13%">After 12 months</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #070321; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #070321; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 60px; vertical-align: middle; text-align: left">Provisions for termination plans</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">273,772</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;180,245</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 60px; vertical-align: middle; text-align: left">For administrative, disciplinary and criminal penalties</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;5,000</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 60px; vertical-align: middle; text-align: left">For contingent comitments</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,694,198</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 60px; vertical-align: middle; text-align: left">Other contingencies</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,698,768</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;3,817,462</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 120px; vertical-align: middle; text-align: left">Provision for labor lawsuits</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">116,589</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;498,236</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 120px; vertical-align: middle; text-align: left">Provision for commercial lawsuits</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">814,865</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;2,681,226</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 120px; vertical-align: middle; text-align: left">Provision for tax lawsuits</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">594,810</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 120px; vertical-align: middle; text-align: left">Other</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">172,504</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;638,000</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">Contingent liabilities have not been recognized in these
consolidated financial statements and are related to 163 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 34,801, out of which a cash disbursement
of approximately 34,801 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">cases involve cash disbursements is possible but not
probable and that the potential cash disbursements are not material.</P>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>24.</B></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><B>Other non-financial liabilities</B></TD></TR></TABLE>

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

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

<P STYLE="font: 10pt BBVABentonSans; 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 STYLE="vertical-align: bottom">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Miscellaneous creditors</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;38,022,048</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;26,485,259</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Advances collected</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;19,631,488</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;15,893,196</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other collections and withholdings</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;17,503,291</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;16,689,147</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Short-term personnel benefits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;17,484,563</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;17,335,007</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Cash dividends payable (Note 43)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;14,834,791</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;54,542,068</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Other taxes payable</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">7,078,668</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,876,021</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Long-term personnel benefits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">916,273</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,081,224</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Termination benefits payable</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">897,528</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">For contract liabilities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">449,646</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">717,522</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Social security payment orders pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">306,676</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">157,095</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">567,503</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">335,697</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;117,692,475</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;138,112,236</TD></TR>
  </TABLE>

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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>25.</B></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><B>Leases</B></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 BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify"><U>The Group as lessee</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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, 2022:</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify"><B><U>Rights of use under leases</U></B></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">The changes in this item for fiscal year 2022 are reported
in Exhibit F, while the changes for fiscal year 2021 are reported in Note 14 &ndash; Property and equipment.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify"><B>Lease liabilities</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">Future minimum payments for lease agreements are as
follows:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 29%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 17%">In foreign currency</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 19%">In local currency</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 14%">12.31.22</TD>
    <TD STYLE="color: #072146; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Up to one year</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;272,181</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">36,957</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;309,138</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;442,973</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>From 1 to 5 years</TD>
    <TD STYLE="text-align: right">2,824,095</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">332,634</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;3,156,729</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;3,954,784</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>More than 5 years</TD>
    <TD STYLE="text-align: right">651,546</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">9,324</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;660,870</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,293,695</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,126,737</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;5,691,452</TD></TR>
  </TABLE>

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

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="color: #072146; width: 29%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 17%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 19%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 14%">12.31.22</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Other operating expenses</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="3">Interest on liabilities from finance lease (Note 38)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(621,630)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(903,203)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold">Exchange rate difference</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="vertical-align: top; text-align: left">Exchange rate difference for finance lease (loss)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(4,141,131)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(3,126,241)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>26.</B></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><B>Share Capital</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; 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; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Shares</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Share capital</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Class</FONT></TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Quantity</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Par value per share</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Votes per share</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Outstanding shares</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Paid-in (1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Common</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710,079</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt; text-align: justify; text-indent: 13.65pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 9pt">(1)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT> <FONT STYLE="font-family: BBVABentonSans; font-size: 9pt">Registered with the Public Registry of Commerce.</FONT></P>

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

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 2.45pt 0 42.55pt; 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: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>27.Interest</B></TD><TD STYLE="text-align: justify"><B>income</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on government securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;256,501,695</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;104,122,019</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Stabilization Coefficient (CER) clause adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;82,083,427</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;35,685,175</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on credit card loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;62,619,226</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;49,780,744</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Interest on other loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;44,405,294</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;33,077,508</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on instruments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;39,596,631</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;28,643,882</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Interest on consumer loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;32,075,984</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;28,325,500</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Premiums on reverse repurchase agreements</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;31,858,523</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;73,245,986</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Acquisition Value Unit (UVA) clause adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;31,382,577</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;27,161,517</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on overdrafts</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;28,767,653</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;16,494,956</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Interest on pledge loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,611,023</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,849,682</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on mortgage loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,042,462</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,353,342</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Interest on loans to the financial sector</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,495,452</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,064,828</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on finance leases</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,971,750</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,864,308</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Interest on loans for the prefinancing and financing of exports</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">725,826</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,906,230</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on private securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">662,812</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">305,251</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">549,280</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,735,828</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;629,349,615</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;418,616,756</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><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><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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Time deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;214,124,699</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;133,194,794</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Checking accounts deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;39,664,114</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;26,886,481</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Acquisition Value Unit (UVA) clause adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;25,111,539</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">9,201,782</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Interfinancial loans received</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,698,548</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,421,401</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Savings accounts deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,604,249</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,016,781</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other liabilities from financial transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">673,415</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,644,297</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Premiums on reverse repurchase transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;26,871</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,515</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,223</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,320</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;289,909,658</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;177,379,371</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>29.</B></TD><TD STYLE="text-align: justify"><B>Commission income</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -21.25pt"><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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Linked to liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;33,755,718</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;32,811,467</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>From credit cards</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;33,118,776</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;39,898,039</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Linked to loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,650,776</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,375,823</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>From foreign trade and foreign currency transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,521,768</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,008,489</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>From insurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,521,043</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,840,993</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Linked to securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">907,751</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,128,510</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>From guarantees granted</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,554</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;18,311</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;81,479,386</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;87,081,632</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>30.</B></TD><TD STYLE="text-align: justify"><B>Commission expenses</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>For credit and debit cards</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;25,228,262</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;32,271,058</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>For payment of salaries</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,552,863</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,788,120</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>For data processing</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,529,968</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">625,367</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>For new channels</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,295,894</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,090,280</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>For foreign trade transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">985,471</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">993,322</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>For advertising campaigns</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">258,602</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>For digital sales services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;60,028</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">177,633</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Linked to transactions with securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;15,701</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;23,315</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>For promotions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">102,091</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other commission expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,809,769</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,907,803</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;34,736,558</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;40,978,989</TD></TR>
  </TABLE>

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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="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0; color: #072146"><B>&nbsp;</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>31.</B></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><B>Net income / (loss) from financial instruments carried at fair value through profit
or loss</B></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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Income from government securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,679,557</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,290,090</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Income from sale or write-off of financial assets (1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,388,676</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Income/(loss) from private securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,535,840</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(898,934)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Income from foreign currency forward transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,492,046</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,309,957</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Income from interest rate swaps</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">101,095</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;94,492</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Income from corporate bonds</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;19,644</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,717</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Loss from loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;21</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">Loss from put option taken (2)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(34,657)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(2,302,454)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(5,301)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;18,176,921</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">8,501,868</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -14.15pt"><B>&nbsp;</B></P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">(1) Corresponds to the sale of 49% of Prisma Medios de
Pago S.A.&rsquo;s capital stock. On March 18, 2022, the transfer of all the remaining shareholding of the Bank in such company was consummated
(see additionally Note 12.1).</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">(2) For further information as of December 31, 2021, see
Note 12.1.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>32.</B></TD><TD STYLE="text-align: justify; padding-right: 21.2pt"><B>Net income / (loss) from derecognition of assets carried at amortized cost and at
fair value through other comprehensive income</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">Income/(Loss) from sale of government securities</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">217,979</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(237,182)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Income/(Loss) from sale of private securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;71,969</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(1,044)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">289,948</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(238,226)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>33.</B></TD><TD STYLE="text-align: justify"><B>Foreign exchange and gold gains (losses)</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -21.25pt"><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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Income from purchase-sale of foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;12,494,497</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;12,917,412</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Conversion of foreign currency assets and liabilities into pesos</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(4,417,520)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(2,126,706)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">8,076,977</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,790,706</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>34.</B></TD><TD STYLE="text-align: justify"><B>Other operating income</B></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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Adjustments and interest on miscellaneous receivables</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,829,641</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,918,830</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Loans recovered</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,361,917</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,821,691</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Rental of safe deposit boxes</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,925,146</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,117,323</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">Debit and credit card commissions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,522,153</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,177,878</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Income from asset sale in equity instruments (1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,515,485</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">Fees expenses recovered</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">825,182</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">752,919</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Allowances reversed</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">737,769</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">666,066</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Rent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">611,191</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Punitive interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">479,681</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">442,715</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Income from sale of non-current assets held for sale (Note 17)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">456,042</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left">Commission from syndicated transactions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">263,789</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">198,824</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Income from initial recognition of government securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;29,794</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other operating income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,634,197</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,635,783</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;21,162,193</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;15,761,823</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">(1) Corresponds to the sale of 49% of Prisma Medios de
Pago S.A.&rsquo;s capital stock. On March 18, 2022 the transfer of all the remaining shareholding of the Bank in such company was consummated.</P>


<!-- Field: Page; Sequence: 64 -->
    <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>
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    <!-- Field: /Page -->

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -7.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>35.</B></TD><TD STYLE="text-align: justify"><B>Personnel benefits</B></TD></TR></TABLE>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -14.15pt">&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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Salaries</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;37,440,628</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;36,440,043</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Other short-term personnel benefits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;13,820,668</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,535,005</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Social security withholdings and collections</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;11,746,203</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,807,161</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Personnel compensation and bonuses</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,851,951</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,453,204</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Personnel services</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,512,186</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,143,901</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Termination personnel benefits (Exhibit J)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">224,244</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">252,580</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other long-term personnel benefits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">381,568</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">361,501</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;67,977,448</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;60,993,395</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>36.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Administrative expenses</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; 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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Taxes</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;14,459,626</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;13,357,525</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Rent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,497,523</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,966,763</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Armored transportation services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,275,411</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,017,658</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Maintenance and repair costs</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,616,785</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,947,956</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Contracted administrative services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,197,804</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,230,705</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>IT</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,719,497</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,288,336</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Advertising</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,509,024</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,072,843</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Electricity and communications</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,479,506</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,773,520</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other fees</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,279,254</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,690,136</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Documents distribution</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,197,800</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,836,084</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Security services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,799,102</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,078,355</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Trade reports</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,247,731</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,175,119</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Insurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">645,592</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">742,295</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Representation and travel expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">643,792</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">316,949</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Fees to Banks Directors and Supervisory Committee</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">114,791</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">127,768</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Stationery and supplies</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;85,660</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">125,426</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other administrative expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,372,825</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,428,515</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;68,141,723</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;63,175,953</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>37.</B></TD><TD STYLE="text-align: justify"><B>Depreciation and amortization</B></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="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Depreciation of property and equipment (Exhibit F and Note 14)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,287,884</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,223,742</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Amortization of rights of use of leased real property (Exhibit F and Note 14)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,018,680</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,033,243</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Loss from the sale or depreciation of property and equipment (Note 14)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">703,761</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;73,425</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Amortization of intengible assets (ExhibitG and Note 15)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">657,996</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">421,235</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Depreciation of other assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">304,902</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">121,237</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,973,223</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,872,882</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -7.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>38.</B></TD><TD STYLE="text-align: justify"><B>Other operating expenses</B></TD></TR></TABLE>

<P STYLE="font: 12pt BBVABentonSans; 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 STYLE="vertical-align: bottom">
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Turnover tax</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;40,862,687</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;33,181,788</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Other allowances (Exhibit J)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5,931,296</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,856,676</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Initial loss of loans below market rate</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,206,914</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">3,834,403</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Reorganization expenses (Exhibit J)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,373,713</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,411,298</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Contribution to the Deposit Guarantee Fund (Note 45)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,032,751</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,193,577</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Claims</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,478,605</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">610,158</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Interest on liabilities from leases (Note 25)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">621,630</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">903,203</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Loss from the sale or depreciation of investment properties and other non-financial assets</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;12,062</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;75,821</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Other operating expenses</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">3,966,388</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,940,243</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;61,486,046</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;52,007,167</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><B>39.</B></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><B>Fair values of financial instruments</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 6pt; margin-bottom: 6pt; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.25pt"></TD><TD STYLE="width: 14.15pt">a)</TD><TD STYLE="text-align: justify; padding-right: 7.05pt">Assets and liabilities measured at fair value</TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">The fair value hierarchy of assets and liabilities
measured at fair value as of December 31, 2022 is detailed below:</P>

<P STYLE="font: 10pt BBVABentonSans; 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 STYLE="vertical-align: bottom; width: 38%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Accounting balance</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Total Fair Value</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 1 Fair Value</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Level 2 Fair Value</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Level 3 Fair Value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #004481; text-decoration: underline; vertical-align: bottom">Financial Assets</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;25,519,962</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;25,519,962</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,917,279</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;21,602,683</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Derivative instruments</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,268,201</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,268,201</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;2,268,201</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Other financial assets</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,926,704</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,926,704</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,926,704</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Other debt securities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;600,576,208</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;600,576,208</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;52,601,929</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;547,323,980</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;650,299</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Financial assets pledged as collateral</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;16,699,438</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;16,699,438</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;16,187,316</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;512,122</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Investments in equity instruments</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">938,347</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">938,347</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">877,879</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;60,468</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; color: #004481; text-decoration: underline; vertical-align: middle; text-align: left">Financial Liabilities</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Derivative instruments</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">334,340</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">334,340</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;334,340</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.05pt 0 35.45pt; text-align: justify; text-indent: -7.1pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 38%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Accounting balance</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Total fair value</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 1 fair value</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Level 2 fair value</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Level 3 fair value</TD></TR>
  <TR>
    <TD STYLE="padding-left: 24px; color: #004481; text-decoration: underline; vertical-align: middle; text-align: left">Financial Assets</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,721,113</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,721,113</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,719,594</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,519</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Derivative instruments</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,486,313</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,486,313</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;5,486,313</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Other financial assets</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,710,885</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,710,885</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,710,885</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Other debt securities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;316,392,721</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;316,392,721</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;98,430,498</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;215,933,998</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,028,225</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Financial assets pledged as collateral</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,988,656</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,988,656</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,988,656</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Investments in equity instruments</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,319,292</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,319,292</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">748,613</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;70,288</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,500,391</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; color: #004481; text-decoration: underline; vertical-align: middle; text-align: left">Financial Liabilities</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Derivative instruments</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">612,069</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">612,069</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;612,069</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 35.45pt; text-align: right; text-indent: 7.15pt">&nbsp;</P>

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


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

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

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Level
1:</B></FONT> <FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">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 BBVABentonSans; 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-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Level
2:</B></FONT> <FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">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 BBVABentonSans; 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-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Level
3:</B></FONT> <FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Measurement using models based on variables not obtained from
observable market inputs. </FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 6pt 0 6pt 1cm; text-align: justify; text-indent: 0cm; color: #004481"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>b)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Transfers between hierarchy levels</FONT></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">The Entity monitors the availability of market information
in order to assess the category of financial instruments in the different hierarchies at fair value, as well as the resulting determination
of inter-level transfers at each closing, considering the comparison of hierarchy levels of the current period versus previous year levels.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify; color: #004481">b.1) Transfers from Level 1 to Level
2</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 1cm">There were no transfers from Level 1 to Level 2 for instruments measured at
fair value through profit or loss or through OCI as of year-end.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 1cm">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify; color: #004481">b.2) Transfers from Level 2 to Level
1</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 1cm">The following instruments measured at fair value through profit or loss or through
OCI were transferred from Level 2 to Level 1 of the fair value hierarchy:</P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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 STYLE="color: #072146; font-weight: bold; width: 65%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; width: 6%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Treasury Bond in pesos adjusted by 1.20% CER. Maturity 03-18-2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,231,290</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Treasury Bond in pesos adjusted by 1.50% CER. Maturity 03-25-2024</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">24,803,535</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Treasury Bond in pesos adjusted by 1.40% CER. Maturity 03-25-2023</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">18,929,424</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Treasury Bond in pesos adjusted by 1.30% CER. Maturity 09-20-2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">21,055,446</TD></TR>
  </TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">The hierarchy level of the instruments detailed above
was compared with the previous year levels.</P>

<P STYLE="font: 10pt BBVABentonSans; 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.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify; color: #004481">b.3) Valuation techniques for Levels
2 and 3</P>

<P STYLE="font: 10pt BBVABentonSans; 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, USD curves of corporate bonds (one of the energy sector and the
other of several industries), 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 BBVABentonSans; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify; color: #004481"><B>Fixed Income </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The assessment of prices at fair value established by the
Bank for fixed income consists in considering MAE&rsquo;s representative prices.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">In the case of Argentine Treasury bonds and bills, MAE&rsquo;s
prices are used; if the bonds are not listed within the last 10 business days, then a theoretical valuation is made discounting cash flows
using the related discount curve. Except for BCRA internal bills in US dollars to be settled in Argentine pesos at the benchmark exchange
rate (LEDIV), which cannot be transferred and do not accrue any interest, they are valued at their latest subscription price.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Liquidity bills issued by the BCRA without quoted prices
in MAE at the end of the month were assigned a theoretical value, discounting cash flows using the monetary policy rate.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">In the case of Corporate Bonds in Dollars, we value them
by bringing the future flow of funds to present value with an interest rate curve with comparable corporate bonds.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #004481"><B>SWAPS</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #004481"><B>Non-Delivery Forwards</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #004481"><B>Investments in Equity Instruments</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">As of December 31, 2021, 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 according to 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 2.1.1.b)
and Note 12).</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; color: #004481"><B>Corporate Bonds</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">Fair value measurement of the following corporate bonds
held in portfolio 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 BBVABentonSans; 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">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">ON Arcor (ON ARCOR17)</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">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">ON Refi Pampa (ON REF2B)</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 53.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">The most relevant unobservable inputs include:</P>

<P STYLE="font: 10pt BBVABentonSans; 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">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; 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">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Projected UVA</FONT></P>


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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="4" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">Latest market price scenarios</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">Changes in final price</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">REF2B</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">ARCOR17</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 50%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">+2%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 24%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 25%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2.000%</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">+5%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5.000%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">+10%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10.000%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="4" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">UVA Scenarios</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">Changes in final price</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">ON ARCOR17</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">ON REF2B</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">+3%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3.000%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">+5%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5.000%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">+10%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10.000%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 0 21.3pt; text-align: center; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 35.45pt; text-align: justify"><B>Put Options</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 35.45pt; text-align: justify">Below is a sensitivity analysis of the put (options)
held by BBVA. The input variable used in the sensitivity analysis is the underlying asset&rsquo;s price.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 35.45pt; text-align: justify">The put options and the related underlying assets
are as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 59%; border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Asset</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 41%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Underlying</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">PJ3N6U001</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">BONO TDJ23</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">PL3N7V001</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">BONO TDL23</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">PF3N2H001</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">LT X17F3</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">X3JN6G001</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">LCER16J3$</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">XY3N5J001</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">LT X19Y3</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 35.45pt; text-align: justify"><B>Underlying Put</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">Scenarios</FONT></TD>
    <TD COLSPAN="5" STYLE="white-space: nowrap; border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">Changes in final price</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">Changes in Underlying Price(%)</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">PJ3N6U001</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">PL3N7V001</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">PF3N2H001</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">X3JN6G001</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">XY3N5J001</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">-6.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6.055%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5.962%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10.464%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">7.564%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">9.675%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">-4.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">4.037%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3.975%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6.976%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5.043%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6.450%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">-2.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2.018%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1.987%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3.488%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2.521%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3.225%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.000%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify; color: #004481"><B>b.4) Reconciliation of balances at
beginning of year and at year-end of Level 3 assets and liabilities at fair value</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; width: 28%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 19%">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #004481; vertical-align: middle">Balance at the beginning of the fiscal year</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;5,528,616</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">10,041,732</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="vertical-align: middle; text-align: left">Derivative instruments - Put option taken - Prisma Medios de Pago S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(2,302,454)</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="vertical-align: middle; text-align: left">Other debt securities - Private securities - Corporate bonds</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(390,921)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;2,028,225</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="vertical-align: middle; text-align: left">Other financial assets - Receivables from sale of ownership interest in Prisma Medios de Pago S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(4,412,028)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="vertical-align: middle; text-align: left">Loss from sale or write-off of financial assets - Prisma Medios de Pago S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;3,741,628</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="vertical-align: middle; text-align: left">Dividends collected</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1,134,220)</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="vertical-align: middle; text-align: left">Monetary gain (loss) generated by assets at fair value</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,816,996)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(3,104,667)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="color: #072146; vertical-align: middle">Balance at fiscal year-end</TD>
    <TD STYLE="color: #072146; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">650,299</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,528,616</TD></TR>
  </TABLE>
<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; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Fair value of assets and liabilities not measured
at fair value</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 12pt 0 6pt 1cm; text-align: justify">&bull;&nbsp;Assets
and liabilities with fair value similar to their accounting balance</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 12pt 0 6pt 1cm; text-align: justify">&bull;&nbsp;Fixed
rate financial instruments</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 12pt 0 6pt 1cm; text-align: justify">&bull;&nbsp;Variable
rate financial instruments</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt BBVABentonSans; 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, 2022 is detailed below:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: center; text-indent: -21.8pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Accounting balance</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Total Fair Value</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 1 Fair Value</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 2 Fair Value</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 3 Fair Value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #004481; text-decoration: underline">Financial Assets</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Cash and deposits in banks</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;296,292,314</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Repo transactions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">52,564,802</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Other financial assets</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">28,816,310</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Loans and other financing</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; vertical-align: bottom; text-align: left">Non-financial government sector</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,399</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 12px; vertical-align: bottom; text-align: left">BCRA</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">9,034</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; vertical-align: bottom; text-align: left">Other financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;4,231,777</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,584,611</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,584,611</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;&nbsp;Non-financial private sector and residents abroad</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;712,854,292</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">668,695,077</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">668,695,077</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Other debt securities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">44,527,097</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;44,528,179</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;44,528,179</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Financial assets pledged as collateral</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">29,495,681</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; text-decoration: underline; vertical-align: bottom">Financial Liabilities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Deposits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;1,313,820,228</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,288,323,903</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,288,323,903</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Other financial liabilities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;118,432,421</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">19,873,142</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;19,167,220</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;19,167,220</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Corporate bonds issued</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;191,183</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">189,970</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">189,970</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-indent: -21.8pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">(1)</TD><TD STYLE="text-align: justify">The fair value is not reported as it is considered similar to its accounting value.</TD></TR></TABLE>

<P STYLE="font: 8pt BBVABentonSans; margin: 0 0 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Accounting balance</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Total Fair Value</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 1 Fair Value</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 2 Fair Value</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Level 3 Fair Value</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #004481; text-decoration: underline">Financial Assets</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Cash and deposits in banks</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;425,320,837</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="padding-left: 60px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Repo transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;267,934,977</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="padding-left: 60px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other financial assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">24,876,666</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="padding-left: 60px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Loans and other financing</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 60px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left">Non-financial government sector</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,441</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="padding-left: 60px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left">Other financial institutions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,201,090</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,144,110</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,144,110</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;&nbsp;Non-financial private sector and residents abroad</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;730,141,116</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">719,689,743</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">719,689,743</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other debt securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">43,956,008</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;43,019,867</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;43,019,867</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Financial assets pledged as collateral</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">30,517,448</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="padding-left: 60px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; text-decoration: underline">Financial Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,379,790,010</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,363,503,360</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,363,503,360</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other financial liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;119,977,796</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="padding-left: 60px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">22,903,783</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;22,381,777</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;22,381,777</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Corporate bonds issued</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;979,760</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">776,393</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">776,393</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: center; text-indent: -14.15pt"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVABentonSans; 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: 12pt Palatino,serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 18pt"><B>40.Segment</B></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><B>reporting</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><U>Basis for segmentation </U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 35.45pt; text-align: justify">As of December 31, 2022 and 2021, 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 BBVABentonSans; margin: 0 2.45pt 0 35.45pt; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt BBVABentonSans; 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, 2022 and 2021:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 14.2pt; 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="2" STYLE="color: #072146; font-weight: bold; text-align: center">Group (banking activity) (1)</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; width: 18%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; width: 18%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold">Loans and other financing</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">717,096,502</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">738,343,647</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left">Corporate banking (2)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">67,395,683</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">60,645,335</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left">Small and medium companies (3)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">261,891,287</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">243,208,606</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left">Retail</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">387,809,532</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">434,489,706</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">Other assets</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1pt solid; text-align: right">1,241,740,354</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1pt solid; text-align: right">1,268,403,687</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold">TOTAL ASSETS</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right">1,958,836,856</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right">2,006,747,334</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold">Deposits</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">1,313,820,228</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">1,379,790,010</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left">Corporate banking (2)(3)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">284,070,714</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">303,344,471</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left">Small and medium companies (2)(3)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">243,413,985</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">290,098,168</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left">Retail</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">786,335,529</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">786,347,371</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">Other liabilities</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1pt solid; text-align: right">279,132,660</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">310,200,461</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold">TOTAL LIABILITIES</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right">1,592,952,888</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 2pt double; text-align: right">1,689,990,471</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-family: BBVABentonSans; font-size: 6pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: BBVABentonSans; 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-family: BBVABentonSans; font-size: 6pt">(2)</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: BBVABentonSans; 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-family: BBVABentonSans; font-size: 6pt">(3)</FONT></TD><TD STYLE="text-align: justify; padding-right: 21.25pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 6pt">It includes the Government
Sector. </FONT></TD></TR></TABLE>

<P STYLE="font: 6pt BBVABentonSans; margin: 0 21.25pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 8pt BBVABentonSans; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt BBVABentonSans; margin: 0 0 0 30.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><B>41.</B></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><B>Related parties</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 1cm; text-align: justify; text-indent: 0cm; color: #004481"><B>a) Parent</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 1cm; text-indent: 7.1pt">The Bank's parent is Banco Bilbao Vizcaya Argentaria.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify; text-indent: 0cm; color: #004481"><B>b) Key management
personnel</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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>


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

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 36pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-indent: 7.1pt; color: #004481">b.1) Remuneration of key management personnel</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 1cm; text-indent: 7.1pt">The Group's key management personnel received the following
compensations:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 6pt 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: middle; width: 56%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 19%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 19%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Fees</TD>
    <TD STYLE="text-align: right">90,436</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">105,841</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #002060; font-weight: bold; text-align: center">Total</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;90,436</TD>
    <TD STYLE="color: #002060; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">105,841</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; color: #004481">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; color: #004481">b.2) Profit or loss from transactions and balances with key
management personnel</P>

<P STYLE="font: 12pt Palatino,serif; margin: 6pt 0; text-indent: 35.45pt">&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="color: #072146">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Balances as of&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Profit or loss from transactions&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 39%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 13%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 13%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 13%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; font-weight: bold">Loans</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Overdrafts</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Credit Cards</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;21,011</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;6,934</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,476</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,104</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Consumer loans</TD>
    <TD STYLE="text-align: right">&nbsp;1,056</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,153</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">16,521</TD>
    <TD STYLE="text-align: right">&nbsp;458</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold">Deposits</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;38,482</TD>
    <TD STYLE="text-align: right">25,121</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;369</TD>
    <TD STYLE="text-align: right">&nbsp;689</TD></TR>
  </TABLE>

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


<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 42.55pt; text-align: justify">Loans are granted on an arm&rsquo;s length basis.
As of December 31, 2022 and 2021, balances of loans granted are classified under normal performance according to the debtor classification
rules issued by the BCRA.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 35.45pt; color: #004481">b.3) Profit or loss and balances with related parties
(except for key management personnel)</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 1cm; 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 ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Parent</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Balances as of&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; 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; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 40%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="text-align: right">&nbsp;686,084&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,220,905&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Financial assets pledged as collateral (2)</TD>
    <TD STYLE="text-align: right">&nbsp;56,681&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other financial assets(2)</TD>
    <TD STYLE="text-align: right">&nbsp;526,899&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,023,511&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Other financial liabilities</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other non-financial liabilities</TD>
    <TD STYLE="text-align: right">26,274,291&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;41,268,916&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">13,187,626&nbsp;</TD>
    <TD STYLE="text-align: right">7,838,054&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Derivative instruments (Liabilities)&nbsp;(1)</TD>
    <TD STYLE="text-align: right">&nbsp;11,079&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">22,175&nbsp;</TD>
    <TD STYLE="text-align: right">1,165,030&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; text-align: left">Off-balance sheet balances</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Securities in custody</TD>
    <TD STYLE="text-align: right">184,347,603&nbsp;</TD>
    <TD STYLE="text-align: right">176,945,998&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Derivative instruments</TD>
    <TD STYLE="text-align: right">1,932,874&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Sureties granted</TD>
    <TD STYLE="text-align: right">2,308,001&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;2,648,230&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">9,752&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;15,172&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Guarantees received</TD>
    <TD STYLE="text-align: right">2,724,690&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;2,768,006&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="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: middle">
    <TD STYLE="text-align: left; width: 40%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="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="6" STYLE="text-align: left">(2) These transactions do not generate profit or loss.</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 7.1pt 0 1cm; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 14.2pt">&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 ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Subsidiarias</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Balances as of&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; 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; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center; width: 40%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Loans and other financing</TD>
    <TD STYLE="text-align: right">12,742,159&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;15,328,361&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;6,093,983&nbsp;</TD>
    <TD STYLE="text-align: right">5,623,881&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Other financial assets</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">1,284&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Deposits</TD>
    <TD STYLE="text-align: right">&nbsp;276,534&nbsp;</TD>
    <TD STYLE="text-align: right">432,922&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">11,197&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;246,965&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Other non-financial liabilities</TD>
    <TD STYLE="text-align: right">&nbsp;23&nbsp;</TD>
    <TD STYLE="text-align: right">45&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">48&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;8,000&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Received financing</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Other operating income</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">21,589&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;24,018&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; text-align: left">Off-balance sheet balances</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Securities in custody</TD>
    <TD STYLE="text-align: right">3,926,704&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;3,710,885&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Sureties granted</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">547&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Associates</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;Balances as of&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; 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; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 40%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="text-align: right">&nbsp;595&nbsp;</TD>
    <TD STYLE="text-align: right">1,270&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Loans and other financing</TD>
    <TD STYLE="text-align: right">1,851,295&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;2,123,921&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;2,884,201&nbsp;</TD>
    <TD STYLE="text-align: right">2,170,057&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">1,519&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;3,387&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Derivative instruments (Assets)</TD>
    <TD STYLE="text-align: right">&nbsp;29,780&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">102,385&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other financial assets</TD>
    <TD STYLE="text-align: right">&nbsp;427,700&nbsp;</TD>
    <TD STYLE="text-align: right">395,935&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Deposits</TD>
    <TD STYLE="text-align: right">1,378,875&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,611,431&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">288,371&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;29,366&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other non-financial liabilities</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">842&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Received financing</TD>
    <TD STYLE="text-align: right">&nbsp;160,526&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">66,931&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Commission income</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;265&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Commission expense</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">158,251&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other operating income</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">98,676&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;113,753&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; text-align: left">Off-balance sheet balances</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Interest rate swaps</TD>
    <TD STYLE="text-align: right">1,500,000&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Securities in custody</TD>
    <TD STYLE="text-align: right">4,138,991&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;3,968,905&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Guarantees received</TD>
    <TD STYLE="text-align: right">&nbsp;721,229&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,973,933&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Cr&eacute;ditos Documentarios</TD>
    <TD STYLE="text-align: right">&nbsp;136,814&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="text-align: right">-&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-indent: -14.15pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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, 2022 and 2021, balances of loans granted are classified under normal performance according to the debtor
classification rules issued by the BCRA.</P>

<P STYLE="font: 10pt BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 3.8pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>42.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Financial instruments
risks</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify; color: #004481"><B>42.1 <U>Risk policies of financial
instruments</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Strategies and processes</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">proportional to the economic size and importance
of the financial institution.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 42.55pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Structure and organization </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&bull;&nbsp;Risk
Management</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&bull;&nbsp;Committees</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&bull;&nbsp;Reporting</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&bull;&nbsp;Cross-Control
Areas</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Risk Management </U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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 risk and 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">-&#9;Active management throughout the risk lifetime.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">-&#9;Clear processes and procedures.</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Committees</U><B>: </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Reporting:</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Cross-Control Areas</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Internal Control - Internal Control and Compliance
Department - has the following main functions: to ensure that there is a sufficient internal regulatory framework; a process and measures
defined for each type of risk; to control its application and operation; and to ensure that an assessment is made of the existence of
a control environment and its adequate implementation and operation.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Model Validation - Internal Control and Compliance
Department - who ensures that BBVA Argentina's internal statistical risk models are adequate for their use, and must issue a well-founded
and updated opinion on their adequate use.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The control and monitoring areas are in charge of
giving cohesion to credit risk management and ensuring that the management of the rest of the critical risks for the Bank is carried out
in accordance with the established standards.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Finally, Internal Audit, transversal to the business
and support units.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Risk Appetite</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Risk appetite is a key element in financial institutions'
management, which provides the Entity with a comprehensive framework 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Stress Testing</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B><U>Credit Risk</U></B></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Strategy and processes </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">BBVA Argentina develops its credit risk 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Additionally, the Risks Management Department, together
with the rest of the Bank&rsquo;s Management Departments, annually develops a budget process, which includes the main variables of credit
risk:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 78.55pt; 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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Expected growth per portfolio
and product. </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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Evolution of default
ratio. </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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Evolution of write-off
portfolios.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">This way, the expected standard credit risk values
are set for a term of one year. Afterwards, the real values obtained are compared with that budget, to assess the growth of the portfolio
and its quality.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Also, maximum limits or exposures per economic activity
are formalized, pursuant to the Group&rsquo;s placement strategy, which are used to follow up credit portfolios. In case of deviations
from the set limits, these are analyzed by the Risks Follow-Up Committees to take the necessary measures.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Admission</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">BBVA Argentina has credit risk admission policies
in place, to define the criteria to obtain quality assets, establish risk tolerance levels and alignment of the credit activities with
the strategy of BBVA Argentina.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Follow-up</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; 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></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; 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></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; 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></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; 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></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Additionally, the following functions shall be carried
out:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Follow-up on specific
customers. </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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Follow-up on products.
</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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Follow-up on units (branches,
areas, channels). </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: 60.55pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other follow-up actions
(samples, control of admission and risk management processes, campaigns).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Recovery </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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, both regarding the
Bank and its subsidiaries, as well as to provide the results directly through collections of write-off portfolios and indirectly through
collections of active portfolios, which imply a reduction of allowances.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Scope and nature of risk information and/or measurement
systems </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Exposure to credit risk</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Group&rsquo;s credit risk exposure of loans and
overdrafts under IFRS 9 with allocation by stage according to the classification of assets as of December 31, 2022 and 2021 is as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&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="color: #072146; font-weight: bold; text-align: left; width: 44%">Exposure to credit risk</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 14%">December 31, 2022</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 14%">Stage 1</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 14%">Stage 2</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 14%">Stage 3</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; 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="color: #072146; font-weight: bold; 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="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">782,000,404</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">703,735,541</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">65,684,071</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">12,580,792</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; 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; 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; 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; 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; 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="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">375,337,289</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">356,207,577</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">17,077,970</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">2,051,742</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Company banking</TD>
    <TD STYLE="text-align: right">212,527,117</TD>
    <TD STYLE="text-align: right">201,084,527</TD>
    <TD STYLE="text-align: right">9,820,238</TD>
    <TD STYLE="text-align: right">1,622,352</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Corporate and investment banking</TD>
    <TD STYLE="text-align: right">113,352,634</TD>
    <TD STYLE="text-align: right">107,308,156</TD>
    <TD STYLE="text-align: right">6,044,465</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Local and International</TD>
    <TD STYLE="text-align: right">60,333</TD>
    <TD STYLE="text-align: right">2,803</TD>
    <TD STYLE="text-align: right">56,951</TD>
    <TD STYLE="text-align: right">579</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>SMEs</TD>
    <TD STYLE="text-align: right">49,397,205</TD>
    <TD STYLE="text-align: right">47,812,091</TD>
    <TD STYLE="text-align: right">1,156,316</TD>
    <TD STYLE="text-align: right">428,798</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">406,663,115</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">347,527,964</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">48,606,101</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">10,529,050</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Overdrafts</TD>
    <TD STYLE="text-align: right">1,077,336</TD>
    <TD STYLE="text-align: right">589,908</TD>
    <TD STYLE="text-align: right">317,253</TD>
    <TD STYLE="text-align: right">170,175</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Credit cards</TD>
    <TD STYLE="text-align: right">264,209,008</TD>
    <TD STYLE="text-align: right">227,101,438</TD>
    <TD STYLE="text-align: right">32,947,828</TD>
    <TD STYLE="text-align: right">4,159,742</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Consumer loans</TD>
    <TD STYLE="text-align: right">70,941,377</TD>
    <TD STYLE="text-align: right">62,527,232</TD>
    <TD STYLE="text-align: right">4,400,529</TD>
    <TD STYLE="text-align: right">4,013,616</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Pledge loans</TD>
    <TD STYLE="text-align: right">27,158,478</TD>
    <TD STYLE="text-align: right">25,608,568</TD>
    <TD STYLE="text-align: right">738,283</TD>
    <TD STYLE="text-align: right">811,627</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Mortgage loans</TD>
    <TD STYLE="text-align: right">42,381,694</TD>
    <TD STYLE="text-align: right">30,819,975</TD>
    <TD STYLE="text-align: right">10,188,965</TD>
    <TD STYLE="text-align: right">1,372,754</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Finance leases</TD>
    <TD STYLE="text-align: right">863,298</TD>
    <TD STYLE="text-align: right">848,954</TD>
    <TD STYLE="text-align: right">13,208</TD>
    <TD STYLE="text-align: right">1,136</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Other</TD>
    <TD STYLE="text-align: right">31,924</TD>
    <TD STYLE="text-align: right">31,889</TD>
    <TD STYLE="text-align: right">35</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Financial assets at fair value through OCI&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">3,722,935</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">3,722,935</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; 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>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Debt securities</TD>
    <TD STYLE="text-align: right">3,722,935</TD>
    <TD STYLE="text-align: right">3,722,935</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total financial assets&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">785,723,339</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">707,458,476</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">65,684,071</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">12,580,792</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Loan commitments and financial guarantees&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">213,378,338</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">194,902,377</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">18,408,859</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">67,102</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; 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; 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; 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; 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; 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="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">39,880,931</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">35,314,905</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">4,554,978</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">11,048</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Company banking</TD>
    <TD STYLE="text-align: right">14,963,752</TD>
    <TD STYLE="text-align: right">12,225,728</TD>
    <TD STYLE="text-align: right">2,734,023</TD>
    <TD STYLE="text-align: right">4,001</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Corporate and investment banking</TD>
    <TD STYLE="text-align: right">17,460,813</TD>
    <TD STYLE="text-align: right">16,646,205</TD>
    <TD STYLE="text-align: right">814,608</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Local and international</TD>
    <TD STYLE="text-align: right">3,682,576</TD>
    <TD STYLE="text-align: right">2,937,612</TD>
    <TD STYLE="text-align: right">744,964</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>SMEs</TD>
    <TD STYLE="text-align: right">3,773,790</TD>
    <TD STYLE="text-align: right">3,505,360</TD>
    <TD STYLE="text-align: right">261,383</TD>
    <TD STYLE="text-align: right">7,047</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">173,497,407</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">159,587,472</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">13,853,881</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">56,054</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Overdrafts</TD>
    <TD STYLE="text-align: right">9,790,301</TD>
    <TD STYLE="text-align: right">9,371,002</TD>
    <TD STYLE="text-align: right">417,935</TD>
    <TD STYLE="text-align: right">1,364</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;- Credit cards</TD>
    <TD STYLE="text-align: right">162,959,369</TD>
    <TD STYLE="text-align: right">149,659,487</TD>
    <TD STYLE="text-align: right">13,259,575</TD>
    <TD STYLE="text-align: right">40,307</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Mortgage loans</TD>
    <TD STYLE="text-align: right">677,186</TD>
    <TD STYLE="text-align: right">490,752</TD>
    <TD STYLE="text-align: right">172,051</TD>
    <TD STYLE="text-align: right">14,383</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Other</TD>
    <TD STYLE="text-align: right">70,551</TD>
    <TD STYLE="text-align: right">66,231</TD>
    <TD STYLE="text-align: right">4,320</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total loan commitments and financial guarantees&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">213,378,338</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">194,902,377</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">18,408,859</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">67,102</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total exposure to credit risk&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">999,101,677</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">902,360,853</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">84,092,930</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">12,647,894</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: middle; background-color: white">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left; width: 44%">Exposure to credit risk</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 14%">December 31, 2021</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 14%">Stage 1</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 14%">Stage 2</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 14%">Stage 3</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; 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="color: #072146; font-weight: bold; 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="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">806,379,229</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">700,378,342</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">87,260,364</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">18,740,523</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; 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; 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; 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; 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; 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="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">377,735,166</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">339,329,001</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">30,875,648</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">7,530,517</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Company banking</TD>
    <TD STYLE="text-align: right">221,496,818</TD>
    <TD STYLE="text-align: right">200,571,111</TD>
    <TD STYLE="text-align: right">16,999,742</TD>
    <TD STYLE="text-align: right">3,925,965</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Corporate and investment banking</TD>
    <TD STYLE="text-align: right">129,255,187</TD>
    <TD STYLE="text-align: right">113,573,038</TD>
    <TD STYLE="text-align: right">12,311,878</TD>
    <TD STYLE="text-align: right">3,370,271</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Local and International</TD>
    <TD STYLE="text-align: right">2,662</TD>
    <TD STYLE="text-align: right">1,938</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD STYLE="text-align: right">668</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>SMEs</TD>
    <TD STYLE="text-align: right">26,980,499</TD>
    <TD STYLE="text-align: right">25,182,914</TD>
    <TD STYLE="text-align: right">1,563,972</TD>
    <TD STYLE="text-align: right">233,613</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">428,644,063</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">361,049,341</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">56,384,716</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">11,210,006</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Overdrafts</TD>
    <TD STYLE="text-align: right">1,219,920</TD>
    <TD STYLE="text-align: right">802,622</TD>
    <TD STYLE="text-align: right">229,340</TD>
    <TD STYLE="text-align: right">187,958</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Credit cards</TD>
    <TD STYLE="text-align: right">294,222,505</TD>
    <TD STYLE="text-align: right">259,546,715</TD>
    <TD STYLE="text-align: right">30,109,988</TD>
    <TD STYLE="text-align: right">4,565,802</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Consumer loans</TD>
    <TD STYLE="text-align: right">78,598,056</TD>
    <TD STYLE="text-align: right">61,477,071</TD>
    <TD STYLE="text-align: right">11,810,633</TD>
    <TD STYLE="text-align: right">5,310,352</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Pledge loans</TD>
    <TD STYLE="text-align: right">4,792,468</TD>
    <TD STYLE="text-align: right">4,422,409</TD>
    <TD STYLE="text-align: right">226,833</TD>
    <TD STYLE="text-align: right">143,226</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Mortgage loans</TD>
    <TD STYLE="text-align: right">49,793,250</TD>
    <TD STYLE="text-align: right">34,783,933</TD>
    <TD STYLE="text-align: right">14,007,771</TD>
    <TD STYLE="text-align: right">1,001,546</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Finance leases</TD>
    <TD STYLE="text-align: right">5,520</TD>
    <TD STYLE="text-align: right">5,368</TD>
    <TD STYLE="text-align: right">152</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Other</TD>
    <TD STYLE="text-align: right">12,344</TD>
    <TD STYLE="text-align: right">11,223</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">1,122</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Financial assets at fair value through OCI&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">2,648,245</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">2,648,245</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; 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>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Debt securities</TD>
    <TD STYLE="text-align: right">2,648,245</TD>
    <TD STYLE="text-align: right">2,648,245</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total financial assets&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">809,027,474</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">703,026,587</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">87,260,364</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">18,740,523</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Loan commitments and financial guarantees&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">173,409,863</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">160,736,612</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">12,597,776</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">75,475</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; 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; 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; 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; 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; 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="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">32,989,033</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">28,361,126</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">4,610,616</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">17,291</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Company banking</TD>
    <TD STYLE="text-align: right">15,204,639</TD>
    <TD STYLE="text-align: right">13,010,027</TD>
    <TD STYLE="text-align: right">2,184,410</TD>
    <TD STYLE="text-align: right">10,202</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Corporate and investment banking</TD>
    <TD STYLE="text-align: right">10,551,603</TD>
    <TD STYLE="text-align: right">9,435,127</TD>
    <TD STYLE="text-align: right">1,116,476</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Local and international</TD>
    <TD STYLE="text-align: right">4,165,682</TD>
    <TD STYLE="text-align: right">3,294,538</TD>
    <TD STYLE="text-align: right">871,144</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>SMEs</TD>
    <TD STYLE="text-align: right">3,067,109</TD>
    <TD STYLE="text-align: right">2,621,434</TD>
    <TD STYLE="text-align: right">438,586</TD>
    <TD STYLE="text-align: right">7,089</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">140,420,830</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">132,375,486</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">7,987,160</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">58,184</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Overdrafts</TD>
    <TD STYLE="text-align: right">13,781,897</TD>
    <TD STYLE="text-align: right">13,379,892</TD>
    <TD STYLE="text-align: right">401,687</TD>
    <TD STYLE="text-align: right">318</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;- Credit cards</TD>
    <TD STYLE="text-align: right">125,774,817</TD>
    <TD STYLE="text-align: right">118,383,977</TD>
    <TD STYLE="text-align: right">7,333,974</TD>
    <TD STYLE="text-align: right">56,866</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Mortgage loans</TD>
    <TD STYLE="text-align: right">802,068</TD>
    <TD STYLE="text-align: right">550,949</TD>
    <TD STYLE="text-align: right">250,118</TD>
    <TD STYLE="text-align: right">1,001</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Other</TD>
    <TD STYLE="text-align: right">62,048</TD>
    <TD STYLE="text-align: right">60,668</TD>
    <TD STYLE="text-align: right">1,381</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total loan commitments and financial guarantees&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">173,409,863</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">160,736,612</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">12,597,776</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">75,475</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total exposure to credit risk&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">982,437,337</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">863,763,199</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">99,858,140</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">18,815,998</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B><U>Information on the credit quality of assets</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Group&rsquo;s credit quality analysis of loans
and overdrafts under IFRS 9 with allocation of risk as of December 31, 2022 and 2021 is as follows:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&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="color: #072146; font-weight: bold; text-align: left; width: 54%">Credit quality</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 23%">December 31, 2022</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 23%">December31, 2021</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; border-top-color: Black; border-top-width: 1.5pt">&nbsp;Wholesale&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 1.5pt solid; text-align: right; border-top-color: Black; border-top-width: 1.5pt">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; 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>Low risk</TD>
    <TD STYLE="text-align: right">360,311,621</TD>
    <TD STYLE="text-align: right">315,312,837</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Medium risk</TD>
    <TD STYLE="text-align: right">36,221,799</TD>
    <TD STYLE="text-align: right">80,905,270</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>High risk</TD>
    <TD STYLE="text-align: right">16,622,010</TD>
    <TD STYLE="text-align: right">6,958,284</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Non performing</TD>
    <TD STYLE="text-align: right">2,062,790</TD>
    <TD STYLE="text-align: right">7,547,808</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total wholesale&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">415,218,220</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">410,724,199</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Retail&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; 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>Low risk</TD>
    <TD STYLE="text-align: right">443,083,290</TD>
    <TD STYLE="text-align: right">426,787,891</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Medium risk</TD>
    <TD STYLE="text-align: right">120,527,862</TD>
    <TD STYLE="text-align: right">128,469,314</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>High risk</TD>
    <TD STYLE="text-align: right">5,964,266</TD>
    <TD STYLE="text-align: right">2,539,498</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Non-performing</TD>
    <TD STYLE="text-align: right">10,585,104</TD>
    <TD STYLE="text-align: right">11,268,190</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total retail&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">580,160,522</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">569,064,893</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Debt securities&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; 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>Corporate bonds (B)</TD>
    <TD STYLE="text-align: right">3,722,935</TD>
    <TD STYLE="text-align: right">1,775,426</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Corporate bonds (CCC+)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">872,819</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total debt securities&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">3,722,935</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">2,648,245</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid">&nbsp;Total exposure to credit risk&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">999,101,677</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: right">982,437,337</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Credit risk hedging</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Risk hedging and/or mitigation policy </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 12pt 35.45pt; text-align: justify"><B>Collateral</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B></B><BR>
<BR>
</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 35.45pt"></TD><TD STYLE="width: 18pt"><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: BBVABentonSans; font-size: 10pt">Guarantees: It includes
sureties or unsecured instruments.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 35.45pt"></TD><TD STYLE="width: 18pt"><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: BBVABentonSans; 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 35.45pt"></TD><TD STYLE="width: 18pt"><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: BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 35.45pt"></TD><TD STYLE="width: 18pt"><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: BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 52.9pt"></TD><TD STYLE="width: 18pt"><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: BBVABentonSans; 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></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 70.9pt; 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: 52.9pt"></TD><TD STYLE="width: 18pt"><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: BBVABentonSans; 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></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>Loan commitments</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">As of December 31, 2022 and 2021, the Group holds
the following contingent transactions, as detailed in Note 8.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 Palatino,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 60pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred Collateral
&ldquo;A&rdquo;</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: 60pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred Collateral
&ldquo;B&rdquo;</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: 60pt"></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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other Collateral (not
included in the sections above)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Preferred collateral received for loans are reported
in Exhibit &ldquo;B&rdquo; to these consolidated financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The Group has tools (&ldquo;scoring&rdquo; and &ldquo;rating&rdquo;)
that enable it to rank the credit quality of its transactions and customers based on an assessment and its correspondence with the probability
of default (&ldquo;PD&rdquo;) scales. To analyze the performance of PD, the Group has a series of tracking tools and historical databases
that collect the relevant internally generated information. These tools can be grouped together into scoring and rating models, being
the main difference between ratings and scorings is that the latter are used to assess retail products, while ratings use a wholesale
banking customer approach.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">These different levels and their PD were calculated
by using as a reference the rating scales and default rates. These calculations establish the PD levels for the Bank&rsquo;s Master Rating
Scale. Although this scale is common to the entire Group, the calibrations (mapping scores to PD sections/Master Rating Scale levels)
are carried out at the country level.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B><U>Financial Risks</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Among others:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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: 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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Assets and liabilities
Committee (ALCO)</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: 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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Risk Management Committee
(RMC)</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: 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: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Financial Risks Committee
(FRC)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B><U>Market Risk</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The main market risk factors the Entity is exposed
to are as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 35.4pt"></TD><TD STYLE="width: 28.4pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Interest rate risk: From
exposure to changes in the various interest rate curves.</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: 35.4pt"></TD><TD STYLE="width: 28.4pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">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.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; 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: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Argentine Government
Securities (Argentine Treasury bonds and bills).</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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">BCRA Liquidity Bills.</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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Corporate Bonds.</FONT></TD></TR></TABLE>


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    <!-- 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: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Foreign exchange spot.</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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Derivatives (Exchange
rate Futures and Forwards).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The following tables show changes in total VaR and
VaR per risk factors.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>VaR (in millions of pesos)</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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; width: 35%; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; border-bottom: black 1pt solid; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.22</FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; border-bottom: black 1pt solid; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.21</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Average</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">141.13</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">222.66</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">48.71</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">37.04</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">263.07</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">504.43</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Closing</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">112.22</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">88.76</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>VaR per risk factors &ndash; (in millions of pesos)</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><U>VaR Interest rate</U></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.22</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.21</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Average</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">157.79</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">211.15</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">49.32</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5.75</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">298.07</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">503.39</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Closing</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">121.29</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">90.95</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><U>VaR Exchange rate</U></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.22</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.21</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Average</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1.05</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">43.11</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">-0.47</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.99</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">65.11</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">157.89</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Closing</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.15</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1.29</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Currency risk</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The position in foreign currency is shown below:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: left; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>ACCOUNTS</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD COLSPAN="4" STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF 12.31.22&nbsp;(per currency)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; width: 24%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 33%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>ASSETS</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Dollar</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Euro</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Real</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Other</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Cash and deposit in banks</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;248,413,103 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;241,650,711 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;6,289,801 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">34,874 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;437,717 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;291,823,571 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Debt securities at fair value through profit or loss</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">3,520,000 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;3,520,000 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Other financial assets</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">8,459,243 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;8,454,673 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;4,570 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;5,626,453 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Loans and other financing</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;38,533,754 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">38,396,582 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;137,172 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">37,076,763 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-financial government sector</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;47 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;47 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;25 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other financial institutions</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">651 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;651 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;327,917 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-financial private sector and residents abroad</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;38,533,056 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">38,395,884 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;137,172 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">36,748,821 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Other debt securities</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">5,466,376 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;5,466,376 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;4,185,662 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Financial assets pledged as collateral</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;10,771,263 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">10,771,263 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">10,955,980 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Investments in equity instruments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;60,251 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">60,251 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">69,822 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;315,223,990 </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;308,319,856 </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;6,431,543 </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>34,874 </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;437,717 </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;349,738,251 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: left; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>ACCOUNTS</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD COLSPAN="4" STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF 12.31.22&nbsp;(per currency)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Dollar</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Euro</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Real</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Other</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Deposits</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;286,006,802 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;281,212,547 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;4,794,255 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;323,807,648 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-financial government sector</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6,429,453 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;6,401,954 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">27,499 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;6,257,327 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Financial sector</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;86,240 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">84,772 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;1,468 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">68,008 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-financial private sector and residents abroad</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;279,491,109 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;274,725,821 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;4,765,288 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;317,482,313 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Other financial liabilities</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;21,896,248 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">20,919,414 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;855,481 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;121,353 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">20,014,128 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="4" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Financing received from the BCRA and other financial institutions</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">1,109,729 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;1,023,014 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">86,715 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;991,012 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">Other non-financial liabilities</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;11,786,828 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;6,227,565 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;5,559,263 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">- </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">&nbsp;&nbsp;8,421,778 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;320,799,607 </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;309,382,540 </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>11,295,714 </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>- </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;121,353 </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;353,234,566 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The notional amounts of the foreign currency forward,
forward transactions and interest rate swaps are detailed in Note 5.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><U>Interest rate risk</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 Palatino,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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 Palatino,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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: BBVABentonSans; 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: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The following table shows the sensitivity of the
economic value (SEV), to +100 basis points variation presented as a proportion of Core Capital:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>SEV +100 bps</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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: 33%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 35%; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.22</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 32%; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.21</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Year-end</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.62%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.95%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.62%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.54%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1.42 %</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1.34%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Average</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1.00%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.81%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">The following table shows the sensitivity of the
financial margin (SFM), to -100 basis points variation presented as a percentage of 12-month forecast net interest income:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B>SFM -100 bps</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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: 33%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 35%; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.22</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 32%; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.21</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Year-end</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.47%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.97%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Minimum</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.43%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.72%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Maximum</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1.01%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1.22%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Average </FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.75%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">0.95%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"><B><U>Liquidity and financing risk</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify"></P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Changes in LCR ratios are summarized below:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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: 26%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 38%; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.22</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 36%; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12.31.21</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">LCR</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">348%</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 7.1pt; padding-left: 35.45pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">320%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">Concentration of deposits as of December 31, 2022
and 2021 is exposed in Exhibit H to these consolidated financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 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, 2022
and 2021:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Assets - Exhibit D (*)</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Liabilities - Exhibit I <SUP>(*)</SUP></B></FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: center; white-space: nowrap; width: 32%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">Up to 1 month</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;371,517,021 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">365,856,606 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;1,260,157,221 </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,364,434,848 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">From 1 month to 3 months</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;121,434,474 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">111,445,237 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;107,111,751 </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;69,831,480 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">From 3 months to 6 months</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;91,326,749 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;91,197,252 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;110,068,684 </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">110,144,027 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">From 6 months to 12 months</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;75,946,906 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;91,402,986 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">4,300,628 </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5,806,892 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">From 12 months to 24 months</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;80,308,421 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;75,726,097 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3,336,028 </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6,510,574 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">More than 24 months</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;139,087,706 </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">125,988,194 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5,046,027 </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">7,152,402 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">TOTAL</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>879,621,277</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>861,616,372</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,490,020,339</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,563,880,223</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">(*) 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 BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; 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, 2022 and 2021:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 21%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 20%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: center; white-space: nowrap; width: 26%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12/31/2022</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 5%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: center; white-space: nowrap; width: 21%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12/31/2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">Up to 1 month</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">837,387,924 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;571,695,645 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">From 1 month to 3 months</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;6,440,802 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;2,686,685 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">From 3 months to 6 months</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;4,724,639 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;1,100,387 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">From 6 months to 12 months</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;2,443,748 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;1,063,368 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">From 12 months to 24 months</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;506,280 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;265,392 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #070321">More than 24 months</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;914,400 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;1,231,833 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>852,417,793 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;578,043,310 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; width: 60%">Financial assets</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 16%">12.31.22</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Other financial assets</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;3,476,008</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;6,670,714</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Loans and other financing</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">219,396,127</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;201,714,290</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Other debt securities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;1,683,443,548</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">48,990,253</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Financial assets pledged as collateral</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;4,100,699</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;8,721,985</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Total</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,910,416,382</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;266,097,242</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; width: 60%">Financial liabilities</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Deposits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;77,673</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;49,113</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Other financial liabilities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;5,915,713</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;8,398,830</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;2,388,669</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;5,019,080</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Corporate bonds issued</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;195,952</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Total</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;8,382,055</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">13,662,975</TD></TR>
  </TABLE>

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

<P STYLE="font: 12pt Palatino,serif; margin: 0 7.1pt 0 35.45pt; text-align: justify"></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; color: #004481"><B>Measurement of expected credit loss</B></P>

<P STYLE="font: 1pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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 BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><I>Risk parameters adjusted by macroeconomic scenarios
</I></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">macroeconomic variables and risk parameters following
three main steps:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 60.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 60.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 60.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; 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: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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 Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 60.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The net income of families,
corporates or public administrations. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 60.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The payment amounts on
the principal and interest on the outstanding loans. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">The Group approximates these variables by using
a proxy indicator from the set included of the macroeconomic scenarios provided by the economic research department.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">Only a single specific indicator can be used for
each of the two variables and only key macroeconomic indicators should be chosen as the first option: a) the use of Real GDP Growth can
be perceived as the only sufficient &quot;factor&quot; necessary to capture the influence of the entire macroeconomic scenario possibly
relevant to internal PD; or b) the use of the most representative short-term interest rate or the exchange rate expressed in real terms.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">Real GDP growth is preferred 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
macroeconomic scenario generation.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><I>Multiple scenario approach under IFRS 9 </I></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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), risk appetite framework and stress testing.</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><I>Alternative macroeconomic scenarios </I></P>

<P STYLE="font: 10pt BBVABentonSans; 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>


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<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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 BBVABentonSans; 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 adjustment due to the application of multiple scenarios will increase the ECL. It is possible that the
referred adjustment does not have that effect, whenever the relationship between macro scenarios and losses is linear, however, it is
not expected to reduce the ECL.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><U>COVID-19 Impact</U></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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: 10pt">
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Loss from changes in contractual cash flows</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 40%">Affected portfolio</TD>
    <TD STYLE="vertical-align: bottom; width: 4%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 10%">Balance as of</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 10%">Balance as of</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 12%">Variation</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 10%">Inflationary</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 10%">Balance as of</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">12.31.2022</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">12.31.2021</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">effect</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">12.31.2022</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: center">UVA- indexed Mortgage Loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;48,715,323</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,418,789</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">973,932</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(916,243)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,476,478</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: center">UVA-indexed Pledge Loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">996,002</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;23,666</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;18,067</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(15,694)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;26,039</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,442,455</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">991,999</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(931,937)</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,502,517</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><B>Refinancing and restructuring agreements </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify"><I>Policies and principles on refinancing and restructuring
agreements </I></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">The Group's refinancing and restructuring policies
are based on the following general principles:</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 8pt"><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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 Palatino,serif; margin-top: 0; margin-bottom: 8pt"><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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 Palatino,serif; margin-top: 0; margin-bottom: 8pt"><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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 BBVABentonSans; margin: 0 3.1pt 8pt 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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 8pt"><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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 Palatino,serif; margin-top: 0; margin-bottom: 8pt"><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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; 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 Palatino,serif; margin-top: 0; margin-bottom: 8pt"><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">-</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.1pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The end of the grace
period included in the restructuring agreements. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 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>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 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 BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 21.3pt; text-indent: 21.25pt; color: #004481"><B>42.2 Exposure to credit risk and
allowances</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; 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, 2022 and 2021:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Credit Investment</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">703,026,587</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;&nbsp;77,371,447</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">9,888,917</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;&nbsp;12,835,805</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">5,904,718</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">809,027,474</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inter-stage Transfers:</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 to stage 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(151,303,035)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">154,848,316</TD>
    <TD STYLE="vertical-align: middle; text-align: right">848</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">3,546,129</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 2 to stage 1</TD>
    <TD STYLE="vertical-align: middle; text-align: right">116,216,684</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(110,975,519)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(134,290)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5,106,875</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 or 2 to stage 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,001,415)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(17,006,213)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(583,205)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;19,907,890</TD>
    <TD STYLE="vertical-align: middle; text-align: right">596,955</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(85,988)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 3 to stage 1 or 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">671,480</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,548,859</TD>
    <TD STYLE="vertical-align: middle; text-align: right">304,202</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,029,020)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(324,949)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(829,428)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;60,124,452</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">5,226,052</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(4,334,618)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,914,438)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">213,142</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;59,314,590</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Newly originated financial assets</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,083,392,548</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;15,210,613</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;15,514,068</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">2,595,079</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">166,412</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,116,878,720</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(620,498,995)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(24,312,285)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(12,801,962)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,456,523)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(287,046)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(661,356,811)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(65,289,452)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(37,805)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(9,023,549)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,680,829)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(78,031,635)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;19,405,089</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">2,079,689</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,467,659</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;3,309</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">490,541</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;23,446,287</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(435,285,467)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(42,696,770)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(4,893,932)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(6,888,932)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,527,773)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(491,292,874)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">707,458,476</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;61,256,384</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">4,427,687</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;11,029,621</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">1,551,171</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">785,723,339</TD></TR>
</TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Credit Investment</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt">Balances as of 12.31.20</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">682,918,407</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">102,799,078</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;12,500,689</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">8,040,847</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">7,343,832</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt">813,602,853</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inter-stage Transfers:</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 to stage 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(200,768,355)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">201,068,588</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">300,233</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 2 to stage 1</TD>
    <TD STYLE="vertical-align: middle; text-align: right">153,512,848</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(145,608,117)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(5,286,227)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,618,504</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 or 2 to stage 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,886,296)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(25,478,073)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(438,703)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;28,486,638</TD>
    <TD STYLE="vertical-align: middle; text-align: right">447,409</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">130,975</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 3 to stage 1 or 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">425,177</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,096,035</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;24,887</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,944,693)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(299,173)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,697,767)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;40,750,415</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(15,301,106)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;11,420,881</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,391,849)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">758,406</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;35,236,747</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Newly originated financial assets</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">736,123,639</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;23,747,609</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">7,917,200</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,204,638</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,260,284</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">770,253,370</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(465,375,191)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(33,841,329)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(12,674,671)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,110,184)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,270,635)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(516,272,010)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;2</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">534</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(10,281,400)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(117,246)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(10,398,110)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">8,782,029</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">4,558,975</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,520,226</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;3,243</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">394,199</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;15,258,672</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(250,456,088)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(35,670,747)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(5,095,365)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(5,171,435)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,612,358)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(299,005,993)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; 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="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">703,026,587</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;77,371,447</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">9,888,917</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;12,835,805</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">5,904,718</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">809,027,474</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Contingent</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">160,736,612</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;&nbsp;12,408,071</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">189,705</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;&nbsp;75,399</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;&nbsp;76</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">173,409,863</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inter-stage Transfers:</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 to stage 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(40,201,731)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;37,998,034</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,203,697)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 2 to stage 1</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;30,575,846</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(26,014,532)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(314)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,561,000</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 or 2 to stage 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(233,694)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(158,718)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1,596)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">188,881</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;3,056</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(202,071)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 3 to stage 1 or 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;65,747</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;50,220</TD>
    <TD STYLE="vertical-align: middle; text-align: right">237</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(131,646)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(7,107)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(22,549)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;89,549,938</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">3,946,025</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(27,021)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;10,312</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;6,035</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;93,485,289</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Newly originated financial assets</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">111,344,215</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">4,702,307</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;12,276</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;24,162</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">116,082,960</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(58,819,804)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(5,520,080)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(48,435)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(56,659)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(64,444,978)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(120)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(120)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">9,370,331</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">482,435</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">9,852,766</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(107,485,083)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(9,546,505)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(63,250)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(43,384)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">(1,903)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(117,140,125)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">194,902,377</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;18,347,257</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;61,602</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;66,945</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">157</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">213,378,338</TD></TR>
</TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Contingent</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt">Balances as of 12.31.20</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">169,423,558</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;14,094,794</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">300,114</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;24,869</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;1,453</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt">183,844,788</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inter-stage Transfers:</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 to stage 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(33,218,798)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;29,113,031</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(4,105,767)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 2 to stage 1</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;32,338,986</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(29,054,139)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(287,351)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,997,496</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 or 2 to stage 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(209,292)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(197,109)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1,860)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">283,307</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(124,954)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 3 to stage 1 or 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;87,526</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;94,915</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(169,462)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;12,979</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;18,915,074</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">5,354,194</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">564,881</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">(7,519)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">(1,099)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;24,825,531</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Newly originated financial assets</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">182,751,355</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">3,483,767</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">298,834</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;25,232</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">186,559,188</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(149,716,767)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(5,055,286)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(536,092)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(57,596)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(155,365,741)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(275)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(275)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">2,508,711</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">219,286</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;68,417</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">2,796,414</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(62,143,741)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(5,645,382)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(217,238)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(23,157)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(278)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(68,029,796)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; 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="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">160,736,612</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;12,408,071</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">189,705</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;75,399</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;76</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">173,409,863</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Credit Investment</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">5,830,665</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">4,793,274</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">1,170,705</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">9,971,759</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">5,419,327</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">&nbsp;&nbsp;27,185,730</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inter-stage Transfers:</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 to stage 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,185,129)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;12,661,601</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;92</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">9,476,564</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 2 to stage 1</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,464,053</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(6,344,709)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(10,025)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(4,890,681)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 or 2 to stage 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(180,031)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(4,798,999)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(160,356)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;10,860,174</TD>
    <TD STYLE="vertical-align: middle; text-align: right">168,872</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5,889,660</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 3 to stage 1 or 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;35,126</TD>
    <TD STYLE="vertical-align: middle; text-align: right">162,508</TD>
    <TD STYLE="vertical-align: middle; text-align: right">131,738</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,123,740)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(131,816)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,926,184)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,600,571</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">2,272,420</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(866,471)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">4,612,170</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">248,183</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">7,866,873</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Newly originated financial assets</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;11,844,438</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">696,552</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">876,569</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,513,471</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">105,952</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;15,036,982</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(8,402,459)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,003,498)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(773,928)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,394,736)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(146,605)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(12,721,226)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(125,262)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">(1,780)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(8,036,132)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,643,858)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(11,807,032)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">191,484</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;46,412</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;57,407</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;1,894</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">353,891</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">651,088</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,638,371)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,821,275)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(305,511)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(5,356,853)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,255,919)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(13,377,929)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">5,435,085</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">5,662,506</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">120,220</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">9,048,007</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">1,118,027</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;21,383,845</TD></TR>
</TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Credit Investment</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt">Balances as of 12.31.20</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;15,230,926</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;10,784,262</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">1,177,998</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">6,642,628</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">4,581,501</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;38,417,315</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inter-stage Transfers:</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 to stage 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(7,446,181)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;22,292,025</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;14,845,844</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 2 to stage 1</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,048,188</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(14,442,981)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(508,955)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(10,903,748)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 or 2 to stage 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(259,320)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(8,150,940)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(71,904)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;17,493,104</TD>
    <TD STYLE="vertical-align: middle; text-align: right">111,365</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">9,122,305</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 3 to stage 1 or 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;34,089</TD>
    <TD STYLE="vertical-align: middle; text-align: right">142,450</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;15,848</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,625,075)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(153,131)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,585,819)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(9,968,443)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,464,060)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,150,592</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">3,016,744</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">2,589,609</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(6,675,558)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Newly originated financial assets</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;23,918,740</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">4,758,920</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">794,838</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">852,872</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">677,017</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;31,002,387</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(15,648,030)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,739,180)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,037,751)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,241,897)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(731,505)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(23,398,363)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">(8)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(8,676,418)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(100,503)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(8,776,929)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">251,963</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">240,912</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">120,306</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;1,722</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">234,652</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">849,555</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(4,331,267)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,628,126)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(470,267)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(4,491,921)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,789,678)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(14,711,259)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; 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="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">5,830,665</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">4,793,274</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">1,170,705</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">9,971,759</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">5,419,327</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;27,185,730</TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Palatino,serif; margin: 0 3.1pt 8pt 42.55pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Contingent</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt; width: 27%">Balances as of 12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">1,030,995</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">522,532</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;&nbsp;61,915</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;&nbsp;47,415</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; width: 12%">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt; width: 12%">1,662,857</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inter-stage Transfers:</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 to stage 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(392,221)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,700,323</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,308,102</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 2 to stage 1</TD>
    <TD STYLE="vertical-align: middle; text-align: right">276,160</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,097,184)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(268)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(821,292)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 or 2 to stage 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(10,831)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(26,366)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(2,437)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">102,977</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;7,301</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;70,644</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 3 to stage 1 or 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;13,288</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;6,470</TD>
    <TD STYLE="vertical-align: middle; text-align: right">748</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(95,114)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(17,851)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(92,459)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">316,014</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">146,048</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(32,171)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;42,161</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;12,613</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">484,665</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Newly originated financial assets</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,479,405</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;97,439</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;2,474</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;14,504</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">1,593,822</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(387,944)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(142,946)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(16,288)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(32,937)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(580,115)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(104)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(104)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;79,312</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;2,238</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;81,550</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(646,673)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(326,061)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">(9,671)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(29,108)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">(1,959)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,013,472)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">Balances as of 12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">1,757,505</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">882,493</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;4,302</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;49,794</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">104</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">2,694,198</TD></TR>
</TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Allowances - Contingent</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Stage 1</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 2</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Collective</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Individual</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: justify; border-top-color: Black; border-top-width: 1pt">Balances as of 12.31.20</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">2,881,944</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">1,057,407</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;47,368</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;21,692</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;3,820</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 1pt">4,012,231</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inter-stage Transfers:</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 to stage 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(768,373)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,334,030</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,565,657</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 2 to stage 1</TD>
    <TD STYLE="vertical-align: middle; text-align: right">582,800</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,068,077)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(48,901)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,534,178)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 1 or 2 to stage 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(6,064)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(36,999)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(35)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">194,172</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;17,074</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">168,148</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;From stage 3 to stage 1 or 2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;2,291</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;5,967</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(126,855)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(118,597)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Changes without inter-stage transfers</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,187,527)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(308,095)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;75,189</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">(2,558)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(20,454)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(2,443,445)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Newly originated financial assets</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">4,664,340</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">194,795</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;45,556</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;16,887</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">4,921,578</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Reimbursements</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,247,528)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(270,671)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(38,988)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(38,427)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(3,595,614)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Write-offs</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(243)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(243)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Foreign exchange differences</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;58,163</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;10,963</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;5,351</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;74,477</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">Inflation adjustment</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(949,051)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(396,788)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(23,625)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;(17,253)</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(440)</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;&nbsp;(1,387,157)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; 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="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">1,030,995</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">522,532</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;61,915</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;47,415</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">1,662,857</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 1cm; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><B>43.Restrictions</B></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><B>to the distribution of earnings</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">a)</TD><TD STYLE="text-align: justify">In accordance with the regulations of the BCRA, 20% of the income for the year plus/less adjustments of
prior years' results, transfers from other comprehensive income to unappropriated retained earnings and less the accumulated loss at the
end of the previous year, if any, must be allocated to the legal reserve. Therefore, the next Shareholders&rsquo; Meeting shall apply
11,765,158 of Unappropriated retained earnings to increase the balance of such reserve.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">b)</TD><TD STYLE="text-align: justify">The mechanism to be followed by financial institutions to assess distributable balances is defined by
the BCRA by means of the regulations in force on &ldquo;Distribution of earnings&rdquo; provided that certain situations are not verified,
namely: to receive financial assistance from such entity due to illiquidity, shortfalls as regards minimum capital requirements or minimum
cash requirements, to fall under the scope of the provisions of Sections 34 and 35 bis of the Financial Institutions Law (sections referred
to regularization and correction plans and restructuring of the Entity), among other conditions detailed in the referred communication
to be complied with. Furthermore, the distribution of earnings as approved by the Entity&rsquo;s Shareholders&rsquo; Meeting shall not
be effective unless approved by the Superintendency of Financial and Foreign Exchange Institutions of the BCRA.</TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 42.55pt; text-align: justify">In addition, no distributions of earnings shall be
made with the profits resulting from the first time application of IFRS, which shall be included as a special reserve, and the balance
of which as of December 31, 2022 amounts to 23,746,135.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 42.55pt; text-align: justify">Besides, the Entity shall verify that, once the proposed
distribution of earnings is made, a capital conservation margin equivalent to 2.5% of the risk-weighted assets is kept, which is additional
to the</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->95<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 42.55pt; text-align: justify">minimum capital requirement set forth by law,
and shall be paid in with level 1 ordinary capital (COn1), net of deductible concepts (CDC0n1).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 42.55pt; text-align: justify">Furthermore, in accordance with Communication &ldquo;A&rdquo;
7312 of the BCRA, the distribution of earnings is suspended until December 31, 2021. In accordance with the provisions of Communication
&ldquo;A&rdquo; 7421 of the BCRA, effective from January 1 to December 31, 2022, financial institutions may distribute earnings for up
to 20% of the amount that would have corresponded to them. As from January 1, 2022, those financial institutions that have obtained the
authorization of the BCRA must distribute earnings in 12 equal, monthly and consecutive installments.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 42.55pt; text-align: justify">On December 15, 2022, the BCRA issued Communication
&ldquo;A&rdquo; 7659 which provided for the suspension of the distribution of profits of financial institutions effective January 1 through
December 31, 2023.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">c)</TD><TD STYLE="text-align: justify">Pursuant to the provisions of General Resolution No. 622 of the CNV, the Shareholders&rsquo; Meeting that
considers the annual financial statements shall resolve upon the specific use of accumulated earnings of the Entity.</TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">In compliance with the above, 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 allocate the amount of 2,500,000 (9,007,273 in restated amounts) to the payment of a cash dividend subject to
the prior authorization of the BCRA.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">On November 20, 2020, the General Extraordinary Shareholders&rsquo;
Meeting was held approving the partial reversal of the optional reserve for future distribution of earnings in the amount of 12,000,000
(36,696,156 in restated amounts) and considering a supplementary dividend for the same amount, in order to increase the amount of the
cash dividend approved by the General Ordinary and Extraordinary Shareholders&rsquo; Meeting held on May 15, 2020, all subject to the
prior authorization of the BCRA.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">On April 20, 2021, the General Ordinary and Extraordinary
Shareholders&rsquo; Meeting was held and the following was approved:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">To absorb the amount of 29,431,352 (86,535,239
in restated values) of the Optional Reserve for future distribution of earnings to apply it to the negative balance of Unappropriated
Retained Earnings as of December 31, 2020. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 49.65pt; 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: 46.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">To approve the partial reversal of the Optional
Reserve for future distribution of earnings in order to allocate the amount of 7,000,000 (17,507,119 in restated values) to the payment
of a cash dividend subject to the prior authorization of the BCRA.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">On November 3, 2021, the General Extraordinary Shareholders&rsquo;
Meeting was held approving the partial reversal of the optional reserve for future distribution of earnings in the amount of 6,500,000
(13,147,752 in restated amounts) and considering a supplementary dividend for the same amount, in order to increase the amount of the
cash dividend approved by the General Ordinary and Extraordinary Shareholders&rsquo; Meeting held on April 20, 2021, all subject to the
prior authorization of the BCRA.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">On April 29, 2022, the General Ordinary and Extraordinary
Shareholders&rsquo; Meeting was held and the following was approved:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 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: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">&ndash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">To allocate 3,934,134 (7,663,421 in restated
values) out of Unappropriated retained earnings for fiscal year 2021 to the Legal Reserve.</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: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">&ndash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">To allocate 15,736,535 (30,653,683 in restated
values) out of Unappropriated retained earnings for fiscal year 2021 to the Optional Reserve for future distribution of earnings.</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: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">&ndash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Also, in relation to the dividends approved
by the Shareholders' Meetings of May 15, 2020, November 20, 2020, April 20, 2021 and November 3, 2021, authorization was applied for to
the BCRA for the distribution of 13,165,209.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">On June 7, 2022, the BCRA approved the distribution of
13,165,209 on account of dividends, which were made available to the shareholders.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 1cm; text-align: justify">As of December 31, 2022, the balance of 14,834,791 under
Other non-financial liabilities corresponds to the remaining dividends payable, which were approved at the shareholders&rsquo; meetings
held in 2020 and 2021.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 39.25pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><B>44.</B></TD><TD><B>Restricted assets </B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 6pt 1cm; text-align: justify">As of December 31, 2022 and 2021, 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-family: BBVABentonSans; 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="color: #072146; font-weight: bold; width: 68%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">12.31.22</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Argentine Treasury Bond adjusted by CER. Maturity 2023</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">45,977</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Argentine Treasury Bond adjusted by CER. Maturity 2024</TD>
    <TD STYLE="text-align: right">41,310</TD>
    <TD STYLE="text-align: right">216,220</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 84px; color: #072146; font-weight: bold; text-align: center">Total</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">41,310</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">262,197</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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-family: BBVABentonSans; 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 46,195,119 and 39,506,104
as of December 31, 2022 and 2021, respectively (see Note 10). </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 56.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><B>45.Banking</B></TD><TD><B>deposits guarantee insurance system </B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 39.25pt; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 6pt 21.3pt; text-align: justify">Law No. 24,485 and Decree No. 540/95 provided for
the creation of the Deposit Guarantee Insurance System, which was assigned the characteristics of being limited, mandatory and onerous,
with the purpose of covering the risks of bank deposits, in a subsidiary and complementary manner to the system of privileges and protection
of deposits established by the Financial Institutions Law.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 6pt 21.3pt; 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 exclusive purpose of managing the Deposits Guarantee
Fund, the shareholders of which,</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 6pt 21.3pt; text-align: justify">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 Deposit Guarantee Fund.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 21.3pt; text-align: justify">Deposits in pesos and foreign currency made with the
participating entities under the form of checking accounts, savings accounts, time deposits or otherwise as determined by the BCRA up
to the amount of 1,500 and which meet the requirements of Decree No. 540/95 and those to be set forth by the enforcement authority shall
fall within the scope of said decree.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 21.3pt; text-align: justify">In addition, by means of Communication &ldquo;A&rdquo;
7661 dated December 22, 2022, the BCRA resolved that as from January 1, 2023, the coverage shall be up to 6,000.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 21.3pt; text-align: justify">In August 1995, that company was incorporated, and
the Entity has an 8.6000% share of the corporate stock as of December 31, 2021 (BCRA Communication &ldquo;B&rdquo; 12305).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 21.3pt; text-align: justify">As of December 31, 2022 and 2021, 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 2,032,751 and 2,193,577, respectively.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt"><B>46.</B></TD><TD><B>Minimum cash and minimum capital requirements</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 21.3pt; color: #004481"><B>46.1 Minimum cash requirements</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 21.3pt; 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 BBVABentonSans; margin: 0 0 6pt 21.3pt; 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="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: bottom; width: 64%">Items</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center; background-color: white; width: 15%">12.31.2022</TD>
    <TD STYLE="color: rgb(7,33,70); font-weight: bold; vertical-align: middle; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center; background-color: white; width: 15%">12.31.2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">Balances at the BCRA</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;161,300,804</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;276,333,118</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;BCRA - current account - not restricted</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13,866,345</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">14,215,377</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;BCRA &ndash; special guarantee accounts &ndash;&nbsp;&nbsp;restricted (Note 10)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;175,167,149</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;290,548,495</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Argentine Treasury Bond in pesos. Maturity 05-23-2027</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">32,432,677</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Argentine Treasuty Bonds in pesos at 0.7% Baldar Private Rate. Maturity 11-23-2027</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">12,094,420</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Argentine Treasury Bond in pesos at 22% fixed rate. Maturity May 2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">43,956,008</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18,535,678</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Liquidity Bills - BCRA</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;483,450,175</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;209,779,172</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;721,680,099</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;544,283,675</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 35.45pt">&nbsp;</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 35.45pt">The balances disclosed are consistent with those reported on a separate
basis.</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 42.55pt; color: #004481"><B>46.2 Minimum capital requirements</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">The regulatory breakdown of minimum capitals is as follows at the above-mentioned
date:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 64%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B><U>Minimum capital requirement</U></B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B><U>12.31.2022</U></B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B><U>12.31.2021</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Credit risk</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">70,375,610 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">78,661,915 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Operational risk</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">28,301,276 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">28,581,680 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Market risk</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;1,480,984 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;439,821 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Paid-in</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;307,905,339 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;270,525,502 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Surplus</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;207,747,469 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;162,842,086 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 10.9pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>47.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 2.45pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Compliance with the
provisions to act in the different categories of agent defined by the Argentine Securities Commission </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 6pt 24.55pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 6pt 35.45pt; text-align: justify">Considering the transactions carried out by Banco
BBVA Argentina S.A. and according to the different categories of agent set forth by General Resolution No. 622-13 of the CNV, on September
9 and 19, 2014, the Entity was registered as Custodian Agent of Collective Investment Products of Mutual Funds under No. 4 and Settlement
and Clearing Agent &ndash; Comprehensive (ALyC) under No. 42, respectively.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 6pt 35.45pt; text-align: justify">Section 8 of General Resolution No. 821 of the
CNV sets forth that the minimum shareholders&rsquo; equity required to operate as ALyC shall be equal to 470,350 UVAs adjusted by CER,
Law No. 25827. As of December 31, 2022, it amounts to 87,165. The Entity&rsquo;s shareholders&rsquo; equity exceeds the minimum shareholders&rsquo;
equity required by said resolution.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 6pt 35.45pt; text-align: justify">Besides, the required minimum contra-account of
43,583, fifty percent (50%) of the minimum shareholders&rsquo; equity amount, includes Argentine Treasury Bonds in pesos adjusted by CER
due 2024 as of December 31, 2022 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;.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 6pt 35.45pt; text-align: justify">Furthermore, pursuant to the requirements of General
Resolution No. 792 issued by the CNV on April 30, 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 BBVABentonSans; margin: 0 2.45pt 6pt 35.45pt; 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, registered on August 7, 2014 under No.
3, 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 95,949, through custody account No. 493-0005459481 held at BBVA Banco Franc&eacute;s S.A. As of December 31, 2022, the
company's Shareholders&rsquo; Equity exceeds the minimum amount imposed by the CNV.</P>


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><B>48.</B></TD><TD STYLE="text-align: justify"><B>Compliance with the provisions of the Argentine Securities Commission &ndash; Documentation </B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 7.1pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><B>49.</B></TD><TD><B>Trust activities </B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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, 2022 and 2021, the assets of Diagonal Trust amount to 2,427 and 4,728, respectively,
considering their recoverable values.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 8,137 as of December 31, 2022 and 2021, respectively.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 566,062 and 776,644
as of December 31, 2022 and 2021, respectively, and consist of cash, creditors' rights, real estate and shares.</P>


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><B>50.</B></TD><TD><B>Mutual funds </B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 42.55pt; text-align: justify">As of December 31, 2022 and 2021, the Entity holds
in custody, as Custodian Agent of Mutual Funds managed by &ldquo;BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes
de Inversi&oacute;n&rdquo;, 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 109,428,622 and
171,590,586, 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 BBVABentonSans; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 42.55pt; text-align: justify">The Mutual Fund assets are as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; 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; text-decoration: underline; background-color: white; width: 54%">MUTUAL FUND</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; background-color: white; width: 20%">12.31.2022</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 20%">12.31.2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>FBA Renta Pesos</TD>
    <TD STYLE="text-align: right">&nbsp;407,850,435</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;342,397,312</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>FBA Renta Fija Plus</TD>
    <TD STYLE="text-align: right">10,875,178</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">32,453,951</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>FBA Ahorro Pesos</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;6,854,300</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;5,931,612</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>FBA Bonos Argentina</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,454,238</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,535,833</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>FBA Calificado</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,194,610</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,770,564</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>FBA Acciones Argentinas</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,197,591</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,398,714</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>FBA Acciones Latinoamericanas</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,041,318</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,027,448</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>FBA Horizonte</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;385,581</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;718,713</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>FBA Renta Mixta</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;704,774</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;568,108</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>FBA Gesti&oacute;n I</TD>
    <TD STYLE="text-align: right">43,013</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">68,374</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>FBA Bonos Globales</TD>
    <TD STYLE="text-align: right">28,253</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;231,169</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>FBA Renta Publica I</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;238,358</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">51,844</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>FBA Retorno Total I</TD>
    <TD STYLE="text-align: right">19,321</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">39,208</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>FBA Horizonte Plus</TD>
    <TD STYLE="text-align: right">11,750</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">39,315</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>FBA Renta Fija Local</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,545</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,046</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;433,901,265</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;388,236,211</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt"><B>51.</B></TD><TD><B>Penalties and administrative proceedings instituted by the BCRA</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 42.55pt; text-align: justify"><B>Administrative proceedings commenced by the BCRA</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>&ldquo;Banco Franc&eacute;s S.A. over breach of Law No. 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</FONT></P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 42.55pt; text-align: justify; text-indent: 0cm">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.</P>

<P STYLE="font: 10pt BBVABentonSans; 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>&ldquo;Banco Franc&eacute;s S.A. over breach of Law No. 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>

<P STYLE="font: 10pt BBVABentonSans; 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>&ldquo;BBVA Banco Franc&eacute;s S.A. over breach of Law No. 19359&quot;.
</B>Administrative Proceedings for Foreign Exchange Offense initiated by</FONT></P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 42.55pt; text-align: justify">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 <FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">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 BBVABentonSans; 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>&ldquo;BBVA Banco Franc&eacute;s S.A. over breach of Law No. 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 BBVABentonSans; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 42.55pt; text-align: justify">&quot;<B>BBVA Banco Franc&eacute;s S.A. over breach
of Law No. 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 42.55pt; text-align: justify">Manager and (ii) an officer of the Area. The relevant
answers to the charges were filed. On October 24, 2022, the Trial Court in Criminal and Economic Matters No. 4 of the City of Buenos Aires
issued an unfavorable court ruling. The Bank and the officials considered to be liable appealed such ruling.</P>

<P STYLE="font: 10pt BBVABentonSans; 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>BBVA ARGENTINA S.A. Financial summary proceedings brought 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); 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 BBVABentonSans; margin: 0 2.45pt 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>BBVA ARGENTINA S.A. Financial summary proceedings brought by the
B.C.R.A.</B> Notified on October 25, 2022, and identified under No. 7835, related to foreign exchange transactions performed in alleged
noncompliance with the provisions established by point 9-A16 of BCRA Communiqu&eacute; &ldquo;A&rdquo; No. 6770 referring to notes related
to transactions performed between residents and import prepayments. Due to the link between cases and procedural economy, five cases have
been filed with the oversight agency. The infringement stands at USD 1,414, 526.28. The defendants are Banco BBVA Argentina S.A. (Argentine
tax identification No. 30-50000319-3) and the following officials and employees: Ruben Lauriente, Noelia Sorbello, Juan Manuel Olives,
Santiago Alejandro Gonzales, Mario Gustavo Dellamea, Maria Teresa Palacios, Mirtha Susana Monteleone and Gustavo Cara. The relevant answers
to the charges have been filed.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 39.3pt; text-align: justify; text-indent: -18pt; color: #072146"><B>52.Capital management
and corporate governance transparency policy</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 53.5pt; text-align: justify; text-indent: -18pt; color: #072146"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>I.</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Board of Directors</FONT></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The composition of the Board of Directors shall be
previously submitted to evaluation by the Nomination and Remuneration Committee.</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><BR STYLE="clear: both">
Name</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Position</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 11.45pt; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Background and work history</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Lorenzo de Crist&oacute;bal de Nicol&aacute;s</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="width: 22%; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Chairwoman </FONT></TD>
    <TD STYLE="width: 46%">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify"><U>Business experience</U>: Head of the Options
    Desk at Bank of America in Madrid, he held several executive positions at BBVA, such as: Head of Global Portfolio Management; Director
    of Market Risks; Head of Guaranteed and Quantitative Funds and Director of Investment at BBVA Asset Management.</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Jorge Delf&iacute;n Luna</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">1st Vice-chairman</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 31%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Francisco Javier P&eacute;rez Cardete</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="width: 22%; border-top: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">2nd Vice-Chairman</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">&nbsp;</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">&nbsp;</P></TD>
    <TD STYLE="width: 46%; border-top: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify">Independent director pursuant to the terms of
    General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">Gabriel Eugenio Milstein</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Regular Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 31%; border-top: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">Adriana<BR>
    Mar&iacute;a Fern&aacute;ndez de Melero</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="width: 22%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Regular Director</FONT></TD>
    <TD STYLE="width: 46%; border-top: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify">Independent director pursuant to the terms of
    General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 31%; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Ernesto Mario San Gil</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="width: 22%; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Regular Director</FONT></TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify">Independent director pursuant to the terms of
    General Resolution No. 622/13 (as amended in 2013).</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 31%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Gustavo Alberto Mazzolini Casas</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="width: 22%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Regular Director</FONT></TD>
    <TD STYLE="width: 46%; border-top: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>

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

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">Gabriel Alberto Chauf&aacute;n</P>
    <P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt">&nbsp;</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">&nbsp;</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="width: 22%; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Alternate Director</FONT></TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; 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: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Gustavo Fabi&aacute;n Alonso</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Alternate Director</FONT></TD>
    <TD>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify"><U>Business experience:</U> Commercial Director;
    Director of Innovation and Development; Retail Product Manager; Manager of Payment Methods and Consumption; Manager of Strategic Alliances
    and Products; Marketing Manager; Zonal Manager; and Branch Manager of Pilar, San Nicol&aacute;s and Rosario, all at BBVA Banco Franc&eacute;s.</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 11.45pt 6pt 42.55pt; text-align: justify">Not an independent director pursuant to the terms
    of General Resolution No. 622/13 (as amended in 2013).</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>&nbsp;</B></P>

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<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><B>II.</B></TD><TD STYLE="text-align: justify"><B>Senior Management</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">directly to the General Manager, or the Chairman of
the Board of Directors.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; 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: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>III.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Management Committee - Members</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Powers</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 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>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Implement the strategies and policies approved by the Board. </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Develop the processes necessary to identify, assess, monitor and mitigate
the risks to which the Bank is exposed. </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT> <FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Establish business synergies with the remaining Group companies.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Evaluate and propose Entity-wide policies, strategies and guidelines
and then oversee and follow up the model implementation. </FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">Decisions of the Management Committee shall be made
by a majority of the members present.</P>


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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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>

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  <TR>
    <TD STYLE="width: 22%; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Name</FONT></TD>
    <TD STYLE="width: 29%; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Position</FONT></TD>
    <TD STYLE="width: 49%; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Background and work history</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Mart&iacute;n Ezequiel Zarich</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">General Manager</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: 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.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Carmen Morillo Arroyo</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Director of Finance </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: Various positions in the holding structure of the BBVA Group: Global Financial Planning &amp; Performance discipline leader; Director of Planning and Management Control of South American Businesses; Manager of Planning and Management Control of South American Banks; Financial Analyst; Manager of Corporate Banking BBVA Spain.&nbsp;&nbsp;</FONT></TD></TR>
  </TABLE>

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

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 22%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Juan Christian Kindt</FONT></TD>
    <TD STYLE="width: 29%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business Development Director</FONT></TD>
    <TD STYLE="width: 49%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: 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.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Gustavo Osvaldo Fern&aacute;ndez</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Talent &amp; Culture Director </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: 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.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Mar&iacute;a Ver&oacute;nica Incera (*)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Corporate &amp; Investment Banking Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: Head of Global Clients at BBVA USA, with corporate governance responsibilities for BBVA's NY Branch; Industry Banker for Consumers. Prior to joining BBVA, she worked for Credit Agricole in Argentina and New York, where she held various positions.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Leandro &Aacute;lvarez&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Engineering and Data I Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: 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>
  </TABLE>

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

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 22%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Gerardo Fiandrino</FONT></TD>
    <TD STYLE="width: 29%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Risks Director</FONT></TD>
    <TD STYLE="width: 49%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: 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.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Pablo Hern&aacute;n Jord&aacute;n </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Commercial Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: 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; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Eduardo Gonz&aacute;lez Correas&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Legal Services Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: 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;</FONT></TD></TR>
  </TABLE>

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

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 22%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">M&oacute;nica Gabriela Etcheverry</FONT></TD>
    <TD STYLE="width: 29%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Internal Control and Compliance Director</FONT></TD>
    <TD STYLE="width: 49%; border-top: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Business experience: Deputy Director of Compliance at Banco BBVA Argentina S.A.; Accounting Manager at BBVA Banco Franc&eacute;s S.A. (BBVA Argentina); Financial Audit Manager (BBVA Argentina); Vice President of Internal Audit at the New York and Miami branches of Argentaria (Banco Exterior de Espa&ntilde;a) USA; Member of the International Internal Audit team of Banco Exterior de Espa&ntilde;a for the Americas.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>(*) Since January 1, 2023.</B></P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

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<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><B>IV.</B></TD><TD STYLE="text-align: justify"><B>Basic ownership structure of Banco BBVA Argentina S.A.</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Common shares as of December 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Shareholder</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 36%; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Amount</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 24%; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Class percentage</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Banco Bilbao Vizcaya Argentaria S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">244,870,969</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">39.97</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">BBV Am&eacute;rica S.L. <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">160,110,585</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">26.13</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The Bank of New York Mellon <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">103,200,699</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">16.984</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">ANSES (Administraci&oacute;n Nacional de la Seguridad Social)</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">43,279,620</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 42.55pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">7.06</FONT></TD></TR>
  </TABLE>
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<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt">(1)BBV</TD><TD STYLE="text-align: justify">Am&eacute;rica S.L. is controlled by BBVA. Direct holder of 26.13 % of BBVA Argentina's share capital.</TD></TR></TABLE>

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<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt">(2)As</TD><TD STYLE="text-align: justify">an agent holder of ADSs.</TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>V.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Organizational structure</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Palatino,serif; margin-top: 0; margin-bottom: 6pt; text-align: center"><IMG SRC="bbarfs4q226k_002.jpg" ALT=""><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>[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: Carmen Morillo Arroyo - Engineering &amp; Data: Leandro Alvarez
- Risks: Gerardo Fiandrino - Talent &amp; Culture: Gustavo Fernandez - Institutional Relations: Hernan Carboni &ndash; Internal Control
and Compliance: Monica Etcheverry -</B></P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Research: Marcos Dal Bianco - Legal Services: Eduardo
Gonzalez Correas.]</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><B>VI.</B></TD><TD STYLE="text-align: justify"><B>Committees of the Board of Directors</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>a) Joint Audit Committee (CNV / B.C.R.A.) </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Composition:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Duties:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">It shall meet at least once a month and, additionally,
whenever its members deem it convenient.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The main functions are:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>1. Internal Control Environment and Financial Statements:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">2) Ensure the consistency and integrity of all documentation
that is published in the market.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>2. Internal Audit:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">In relation to the Internal Audit function:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">b) Supervise the independence, effectiveness and operation
of Internal Audit.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>3. External Audit:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">3) Analyze the reasonableness of the fees billed by
the external auditors.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>4. Issuance and Stock Plans and Acquisition of Own
Shares and Directors' Fees:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>5. Related Party Transactions and Conflicts of Interest:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">1) Ensure that transactions between related parties
are carried out in accordance with the provisions of Law No. 26831, issuing a well-founded opinion regarding transactions with related
parties in the cases established and specifically required.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>6. Standards of Conduct:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>7. Action Plan and Relationship with Regulators:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>b) Nomination and Remuneration Committee</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Structure:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">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. The Chief Legal Officer is the secretary of the Committee.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Functions:</B></P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The Nomination and Remuneration Committee shall perform
the following functions:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Permanent functions:</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Board of Directors' Performance, Succession Plan,
and Assessment</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Evaluate the Board of Directors performance and renewal and replacement
of members of the Senior Management.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Ensure application of a proper methodology for the evaluation of Senior
Management. </FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Recruitment Criteria and Training</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Identify potential candidates to fill positions at the Board of Directors
to be proposed at the Annual Shareholders&rsquo; Meeting.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Approve recruitment criteria for senior management members.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Ensure the Training and Development of the members of the Board of Directors
and senior management and other executives.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Suggest which members of the Board of Directors should comprise the
several Board&rsquo; committees, based on their respective background.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Assess the convenience of the members of the Board of Directors and/or
supervisory auditors performing functions at several Entities.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Remuneration, Retention, and Dismissal Policy</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Validate &ndash;on an annual basis- the characteristics of variable
compensation models in force at the Bank.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Define and communicate key staff retention, promotion, dismissal and
suspension policies.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Ensure that the Talent &amp; Culture / HR policy does not embrace any
form of discrimination.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Inform the guidelines to determine retirement plans for Board of Directors'
and Senior Management's members.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Reporting to the Board of Directors and Shareholders'
Meetings</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT> <FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Organization Chart</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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 0 6pt 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;
</FONT> <FONT STYLE="font-family: BBVABentonSans; 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 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2.</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-permanent functions.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>Organization and Operation Rules:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>c) Other Committees </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>1) Committee for the Prevention of Money Laundering
and Terrorist Financing</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">Specifically, this Committee shall be in charge of:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Setting action plans and continuously reviewing their progress; </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Evaluating the potential risk of asset laundering in the new products
and/or services; </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Reaching an agreement on actions for the analysis of suspicious transactions;
</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Raising awareness in their areas about the importance of preventing
asset laundering and terrorist financing; </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Identifying any relevant situation that may occur in this regard in
their respective areas; </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>2) Information Technology Committee</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">Specifically, this Committee shall be in charge of:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Overseeing the proper operation of the IT environment and contributing
to an improvement in its efficiency. </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Approving the IT and Systems Plan and assessing it from time to time
to review the degree of compliance. </FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT> <FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>3) Disclosure Committee</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The main functions of this committee are:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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">
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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">
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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">
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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">
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>4) Risk Management Committee</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The main functions of this committee are:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Approve individual and corporate customers&rsquo; refinance transactions,
cancellations and charge-offs, as per the effective Delegation Rule.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Discuss the power delegation proposal which will then be submitted to
the Board of Directors for approval.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Approve Credit Policies, rating tools and models, and campaigns of pre-approved
loans or massive campaigns.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Approve the limits of Asset Allocation, Preferred Lenders Program (PLPs)
and stress tests.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Report to the Board of Directors decisions taken on the approval of
transactions and definition of risks policies and strategies.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Approve, on a quarterly basis, the definition of priorities for Single
Development Agenda (SDA) projects (Intra-domain refinement).</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Monthly review actions as per the methodology set out in IFRS 9.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The Committee shall meet twice a week. If an urgent
meeting is necessary, it shall be called as an extraordinary meeting.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>5) Corporate Assurance Committee</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The main functions of this committee are:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Ensuring the implementation and preservation of the Corporate Assurance
model across the entities comprising the BBVA Group.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Ensuring that specialists fulfill their responsibilities with transparency
and self-criticism.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Being familiar with, assessing and assigning responsibilities for managing
the risks submitted to its consideration.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Timely follow-up to the agreed-upon risk mitigation action plans.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Communicating the actions taken to specialists and Business Units.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Fostering knowledge on the Operational Risk Model, as well as the dissemination
of related corporate policies.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Addressing and making decisions regarding Operational Risks, as required,
due to the materiality or importance of the issues involved.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Overseeing the adequate deployment of the model tools and methodology.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>6) Compliance Committee</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The main functions of this committee are:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Setting action plans and continuously reviewing their progress;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Promoting and following up on the operation and effectiveness of the
Whistleblower Channel. Reviewing the most representative cases.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">This Committee will meet on a monthly basis.&#9;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><B>7) Assets and Liabilities Committee (ALCO)</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The main functions of this committee are:</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Follow-up to macroeconomic variables;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Defining corrective measures, as necessary;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Follow-up on the Bank&rsquo;s excess liquidity, benchmarking and review
of stress scenarios; </FONT></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT> <FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Establishing the funding strategy and the allocation of resources;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Defining the pricing policy and lending and borrowing products;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Designing the investment and surplus strategy;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Defining the strategy of investment in Public Venture Capital;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Causing financial and other analysis to be done, as necessary, to optimize
the performance of the above items;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">The Finance area is responsible for analyzing and following up the proposals
submitted to the committee through the applicable commissions;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Enforcement and implementation of contingency and liquidity plans;</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 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;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Acting as Crisis committee in the event the Recovery Plan and/or the
Resolution Plan needs to be triggered.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">This Committee will meet on a monthly basis.</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: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>VII.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Banco BBVA Argentina S.A.'s subsidiaries
and associates</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The main subsidiaries and associates of BBVA Argentina
are:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><U>Subsidiaries:</U></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">a)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">b)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">c)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Consolidar AFJP S.A. (undergoing liquidation proceedings): see Note
1.</FONT></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">d)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify"><U>Associates:</U></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">e)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">f)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT> <FONT STYLE="font-family: BBVABentonSans; 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></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: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>VIII.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Network of branches and retail offices</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><B>IX.Business</B></TD><TD STYLE="text-align: justify"><B>lines</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; 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>

<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: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>X.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Economic incentives for the personnel</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">-</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVABentonSans; 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></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">-&nbsp;Ensuring internal fairness through structure
analysis, descriptions of positions and remunerations.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">- Ensuring external competitiveness by updating the
information with the benchmark market.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">-&nbsp;Rewarding the contribution of tangible results.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">-&nbsp;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.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">-&nbsp;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.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 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>

<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: 60.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD><FONT STYLE="font-family: BBVABentonSans; 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>

<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: 60.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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>

<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: 60.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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>

<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: 60.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">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 BBVABentonSans; margin: 0 0 6pt 42.55pt; 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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><B>XI.Code</B></TD><TD STYLE="text-align: justify"><B>of conduct</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 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>

<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: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>XII.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Conflict of interest</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 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 BBVABentonSans; margin: 0 0 6pt 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: 10pt BBVABentonSans; margin: 0 0 6pt 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>

<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: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>XIII.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Diversity and inclusion</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">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>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">As stated in 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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">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 BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">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 BBVABentonSans; margin: 0 0 6pt 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>

<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: BBVABentonSans; font-size: 10pt"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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 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: BBVABentonSans; font-size: 10pt"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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 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: BBVABentonSans; font-size: 10pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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 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: BBVABentonSans; font-size: 10pt"><B>4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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>


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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: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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 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: BBVABentonSans; font-size: 10pt"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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 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: BBVABentonSans; font-size: 10pt"><B>7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 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>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 6pt; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt"><B>53.</B></TD><TD STYLE="text-align: justify"><B>Events after reporting period</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify"><U>Play Digital S.A. &ndash; Capital contribution</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">On February 24, 2023, an irrevocable capital contribution
on account of future subscription of shares was made to Play Digital S.A., amounting to 396,030. Such contribution was made in order to
have working capital for the performance of activities.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">The Bank&rsquo;s ownership interest as of the date of
the contribution is 11.057% of the company.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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, 2022.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt"><B>54.</B></TD><TD STYLE="text-align: justify"><B>Accounting principles &ndash; Explanation added for translations into English</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.3pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">These consolidated financial statements are presented
in accordance with the financial reporting framework set forth by the BCRA, as mentioned in note 2. These accounting standards may not
conform to accounting principles generally accepted in other countries.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>


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    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT B</B></FONT></TD>
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    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING TO FINANCIAL PERFORMANCE</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AND GUARANTEES RECEIVED CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>COMMERCIAL PORTFOLIO</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Normal performance</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>256,231,306 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;217,579,328 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,809,915 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10,419,438 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2,790,125 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;1,432,522 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">251,631,266 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;205,727,368 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>With special follow-up</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>767,843 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>- </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Under negotiation or with refinancing agreements</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>767,843 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>- </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">129,163 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">638,680 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Troubled</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,099,963 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;1,027,107 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,099,963 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;1,027,107 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>With high risk of insolvency</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>142,407 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;291,757 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">142,407 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;291,757 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Uncollectible</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;27,351 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;3,377,533 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;- </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;312,035 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;27,351 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;3,065,498 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>258,268,870 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;222,275,725 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 53%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT B</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Continued)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING TO FINANCIAL PERFORMANCE</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AND GUARANTEES RECEIVED CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSUMER AND HOUSING PORTFOLIO</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Normal performance</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>490,556,621 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;543,943,229 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">165,597 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;213,801 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;56,026,470 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">76,422,119 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">434,364,554 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;467,307,309 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Low risk</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>5,859,202 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;4,842,343 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;- </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;4 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">558,170 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;392,970 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5,301,032 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;4,449,369 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Low risk - with special follow-up</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>185,401 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;328,530 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">185,401 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;328,530 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Medium risk</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>3,974,342 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;4,066,604 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;51 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">- </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">165,216 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;287,041 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3,809,075 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;3,779,563 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>High risk</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>2,796,517 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;5,004,140 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;- </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">78 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">200,020 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;437,942 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2,596,497 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;4,566,120 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Uncollectible</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>583,637 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;854,294 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;4,302 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;5,004 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">243,977 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;289,850 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">No preferred collaterals and counter-guarantees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">335,358 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;559,440 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>503,955,720 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;559,039,140 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>GRAND TOTAL</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>762,224,590 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;781,314,865 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>



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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 32%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT C</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONCENTRATION OF LOANS AND OTHER FINANCING</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>% over</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>% over</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Number of customers</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>total</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>portfolio</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>portfolio</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10 largest customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;54,029,409 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">7.09%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;55,769,835 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">7.14%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">50 following largest customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;85,345,462 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">11.20%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;73,178,177 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">9.37%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">100 following largest customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;54,865,087 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">7.20%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;49,476,707 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6.33%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">All other customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;567,984,632 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">74.51%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">602,890,146 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">77.16%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;762,224,590 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>100.00%</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>781,314,865 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>100.00%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; width: 17%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT D</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>BREAKDOWN BY TERM OF LOANS AND OTHER FINANCING</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos in constant currency - Note 2.1.5) (1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"></TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Terms
    remaining to maturity</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Portfolio</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>more
    than</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>ITEM</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>due</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Non-financial
    government sector</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,399
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;1,399
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">BCRA</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;9,034
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;9,034
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Financial
    sector</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;761,148
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;1,211,438
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,991,092
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;1,134,039
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;4,597,937
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,808,089
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">11,503,743
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Non-financial
    private sector and</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">residents
    abroad</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;7,035,090
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">363,710,350
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;120,223,036
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;89,335,657
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">74,812,867
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;75,710,484
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;137,279,617
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;868,107,101
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;7,035,090
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>364,481,931
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;121,434,474
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;91,326,749
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>75,946,906
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;80,308,421
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;139,087,706
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;879,621,277
    </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 9%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 17%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>BREAKDOWN BY TERM OF LOANS AND OTHER FINANCING</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos in constant currency - Note 2.1.5) (1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"></TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Terms
    remaining to maturity</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Portfolio</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>more
    than</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>ITEM</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>due</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Non-financial
    government sector</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,441
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;1,441
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Financial
    sector</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,190,570
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;1,238,037
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,441,356
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;4,685,169
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;2,195,494
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">4,781,830
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">15,532,456
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Non-financial
    private sector and</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">residents
    abroad</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">11,987,544
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">352,677,051
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;110,207,200
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;89,755,896
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">86,717,817
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;73,530,603
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;121,206,364
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;846,082,475
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>11,987,544
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>353,869,062
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;111,445,237
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;91,197,252
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>91,402,986
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;75,726,097
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;125,988,194
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;861,616,372
    </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>



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    <!-- Field: /Page -->

<P STYLE="font: 12pt 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 COLSPAN="23" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT F</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 52%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="23" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>PROPERTY AND EQUIPMENT</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="23" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="23" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="23" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousand of pesos constant currency- Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="23" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Impairment</FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="9" ROWSPAN="2" STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Depreciation</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Original</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Total</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">ITEM</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Value</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">estimated</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Transfer</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Resdual
    value</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">at
    the beginning </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">useful
    life</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Additions</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Derecognitions</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Loss</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Accumulated</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Transfer</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Derecognition</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">For
    the year</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">At
    year-end</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">as
    of 12.31.22</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">of
    the year</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">in
    years</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">as
    of 12.31.21</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Property
    and equipment</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Real
    estate</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">80,690,323</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">50</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(3,602,455)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">4,262,639</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">218,813</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">703,761</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">8,281,040</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(273,672)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">218,814</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,828,818</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">9,617,372</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">70,810,561</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Furniture
    and facilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">24,684,301</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">10</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,697,203</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">731,612</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">11,042,519</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">731,611</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,569,842</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">12,880,750</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">12,769,142</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Machinery
    and equipment</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">10,158,036</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,862,525</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,095,790</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">6,086,439</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,095,793</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,815,327</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">3,805,973</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">3,118,798</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Vehicles</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">530,291</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">164,742</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">11,604</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">345,366</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">15,871</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">73,897</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">403,392</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">280,037</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Right
    of use of leased property</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">12,916,019</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">10</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,760,228</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">824,835</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">6,217,585</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">240,561</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,018,680</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">7,995,704</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,855,708</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Construction
    in progress</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,185,255</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,084,893</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">3,270,148</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Total
    property and equipment</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>131,164,225</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>(3,602,455)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>10,832,230</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>6,882,654</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>703,761</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>31,972,949</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>(273,672)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>6,302,650</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>9,306,564</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>34,703,191</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>96,104,394</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="22" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>INVESTMENT PROPERTY</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="22" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONDOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="22" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>FOR THE FISCAL YEAR ENDED DECEMBER 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="22" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos constant currency - Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="22" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 56%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="9" ROWSPAN="2" STYLE="white-space: nowrap; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Depreciation</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">ITEM</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Original</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Total</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">value
    at the</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">estimated</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Transfer</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Residual
    value</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">beginning</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">useful
    life</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Additions</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Derecognitions</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Accumulated</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Transfer</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Derecognition</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">For
    the year</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">At
    year-end</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">as
    of 12.31.22</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">of
    the year</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">in
    years</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">as
    of 12.31.21</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Leased
    property</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,493,993</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">50</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">3,602,455</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">11,257,430</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">426,558</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">273,672</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">293,151</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">993,381</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">19,360,497</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Other
    investment property</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">446,411</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">10</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">59,724</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">9,664</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">69,388</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">377,023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Total
    Investment Property</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>5,940,404</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>3,602,455</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>11,257,430</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>486,282</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>273,672</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>302,815</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1,062,769</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>19,737,520</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT G</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 21%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>INTANGIBLE ASSETS</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos constant currency - Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="5" STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">ITEM</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" ROWSPAN="2" STYLE="white-space: nowrap; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Amortization</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Original</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Total</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">value
    at the</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">estimated</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Residual
    value</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">beginning</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">useful
    life</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Additions</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Derecognitions</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Accumulated</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Derecognitions</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">For
    the year</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">At
    year-ed</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">as
    of 12.31.22</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">of
    the year</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">in
    years</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">as
    of 12.31.21</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Licenses</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">9,150,689</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,577,772</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,882,168</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,990,885</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">420,149</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">657,996</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,228,732</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">9,617,561</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Total
    intangible assets </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>9,150,689</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>5,577,772</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>2,882,168</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1,990,885</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>420,149</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>657,996</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>2,228,732</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>9,617,561</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 33%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT H</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>DEPOSITS CONCENTRATION</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos in constant currency - Note 2.1.5)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>% over</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>% over</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Number of customers</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>portfolio</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>portfolio</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10 largest customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">97,819,282 </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">7.45%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;147,859,331 </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10.72%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">50 following largest customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;141,088,812 </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10.74%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;153,801,795 </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">11.15%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">100 following largest customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">53,449,577 </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">4.07%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">66,893,598 </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">4.85%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">All other customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;1,021,462,557 </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">77.74%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;1,011,235,286 </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">73.28%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;1,313,820,228 </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>100.00%</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;1,379,790,010 </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>100.00%</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; width: 36%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT I</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>BREAKDOWN OF FINANCIAL LIABILITIES BY REMAINING TERMS</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos constant currency - Note 2.1.5.) (1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Terms
    remaining to maturity</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>more
    than</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>ITEMS</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Deposits</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1,129,054,260
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;105,059,856
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;105,809,428
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;1,351,537
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;77,673
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;1,341,352,754
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Non-financial
    government sector</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">9,602,123
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;134,977
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;9,737,100
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Financial
    sector</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">340,009
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;340,009
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Non-financial
    private sector and residents abroad</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,119,112,128
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;104,924,879
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;105,809,428
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;1,351,537
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;77,673
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,331,275,645
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Derivative
    instruments</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>334,340
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;334,340
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Other
    financial liabilities</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>116,875,346
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;280,230
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;372,876
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;595,415
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;1,046,348
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;4,869,365
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;124,039,580
    </B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Financing
    received from the BCRA and other financial institutions</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;13,893,275
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;1,580,482
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;3,886,380
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;2,353,676
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;2,212,007
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;176,662
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;24,102,482
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Corporate
    bonds issued</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;191,183
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;191,183
    </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1,260,157,221
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;107,111,751
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;110,068,684
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;4,300,628
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;3,336,028
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;5,046,027
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;1,490,020,339
    </B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)
    These balances are total contractual cash flows and, therefore, include principal, accrued and to be accrued interests and charges.</FONT></TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 42%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>BREAKDOWN OF FINANCIAL LIABILITIES BY REMAINING TERMS</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 20221</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos constant currency - Note 2.1.5.) (1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">Terms
    remaining to maturity</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>more
    than</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>ITEMS</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Deposits</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1,231,595,756
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>68,550,312
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;106,663,528
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;883,562
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;48,235
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;879
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;1,407,742,272
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Non-financial
    government sector</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;25,902,807
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;107,984
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;26,010,791
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Financial
    sector</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">423,287
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;423,287
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Non-financial
    private sector and residents abroad</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,205,269,662
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">68,442,328
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;106,663,528
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;883,562
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;48,235
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;879
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,381,308,194
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Derivative
    instruments</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>612,069
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;612,069
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Other
    financial liabilities</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>117,932,778
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;466,064
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;629,425
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;1,134,343
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;1,670,390
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;6,728,440
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;128,561,440
    </B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Financing
    received from the BCRA and other financial institutions</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;14,294,245
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;619,152
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;2,655,122
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;3,397,083
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;4,595,997
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;423,083
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;25,984,682
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Corporate
    bonds issued</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;195,952
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;195,952
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;391,904
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;195,952
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;979,760
    </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1,364,434,848
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>69,831,480
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;110,144,027
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;5,806,892
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;6,510,574
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;7,152,402
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;1,563,880,223
    </B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)
    These balances are total contractual cash flows and, therefore, include principal, accrued and to be accrued interests and charges.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 6pt">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT J</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD COLSPAN="12" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>PROVISIONS</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="12" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="12" STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos in constant currency - Note 2.1.5)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 42%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 9%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 4%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 2%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 9%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Decreases</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Balances</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Monetary
    gain (loss) generated by provisions</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Balances
    </B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>at
    the beginning</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Increases</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Reversals</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Uses</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>as
    of 12.31.22</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>of
    the year</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>INCLUDED
    IN LIABILITIES</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Provisions for contingent commitments</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,662,857
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;2,044,813
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)(4)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;(1,013,472)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,694,198
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    For administrative, disciplinary and criminal penalties</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;9,740
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;(4,740)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,000
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Provisions for reorganization</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;2,616,915
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;2,373,713
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(3)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;227,853
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;3,703,183
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;(1,059,592)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Provisions for termination plans</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">512,723
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;224,244
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(282,950)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">454,017
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Other</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;6,131,735
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;3,888,668
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(2)(5)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;1,748
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;848,113
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;&nbsp;(3,654,312)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,516,230
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL
    PROVISIONS</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;10,933,970
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;8,531,438
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;229,601
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;4,551,296
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;(6,015,066)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>8,669,445
    </B></FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">(1)</FONT></TD>
    <TD STYLE="padding-left: 5pt; font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">Set up in compliance with
    the provisions of Communication &quot;A&quot; 6868 of the BCRA.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">(2)</FONT></TD>
    <TD STYLE="padding-left: 5pt; font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">Set up to cover contingent
    events not considered in other items (civil, commercial, labor lawsuits and other).</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">(3)</FONT></TD>
    <TD STYLE="padding-left: 5pt; font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">See Note 23 to the consolidated
    financial statemens.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">(4)</FONT></TD>
    <TD STYLE="padding-left: 5pt; font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">It includes an increase of
    2,664 for exchange differences in foreign currency for contingent commitments.</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt BBVABentonSans; vertical-align: top; text-align: left"><FONT STYLE="font-size: 7pt">(5)</FONT></TD>
    <TD STYLE="padding-left: 5pt; font: 10pt BBVABentonSans; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">It
    includes a decrease of 479 corresponding to the subsidiary Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A. (under
    liquidation) registered in Administrative expenses and the subsidiary BBVA Asset Management Argentina S.A.<BR></FONT></TD></TR>
  </TABLE>

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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="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->144<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT J</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD COLSPAN="12" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>PROVISIONS</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="12" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="12" STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2021</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos in constant currency - Note 2.1.5)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 42%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 4%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Decreases</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Balances</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Monetary
    gain (loss) generated by provisions</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Balance</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>at
    the beginning</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Increases</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Reversals</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Uses</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>as
    of 12.31.21</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>of
    the year</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>INCLUDED
    IN LIABILITIES</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Provisions for contingent commitments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">4,012,231
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,382,454
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)(3)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,344,672
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(1,387,156)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,662,857
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    For administrative, disciplinary and criminal penalties</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">14,701
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(4,961)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">9,740
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Provisions for reorganization</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,966,220
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">4,411,298
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">576,486
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;5,648,848
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(1,535,269)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,616,915
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Provisions for termination plans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">417,356
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;252,580
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(157,213)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;512,723
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Other</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">23,327,785
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,850,626
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(1)
    (2)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">13,088,517
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(4)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,217,504
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(5,740,655)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">6,131,735
    </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>TOTAL
    PROVISIONS</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>33,738,293
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>8,896,958
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>16,009,675
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;6,866,352
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;(8,825,254)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>10,933,970
    </B></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">(1)</FONT></TD>
    <TD STYLE="padding-left: 5pt; font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">See Note 23.</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt BBVABentonSans; vertical-align: top; text-align: left"><FONT STYLE="font-size: 7pt">(2)</FONT></TD>
    <TD STYLE="padding-left: 5pt; font: 10pt BBVABentonSans; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">It includes an increase
    of&nbsp;&nbsp;2,696 for subsidiary Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A. (undergoing liquidation proceedings)
    recorded under Administrative Expenses<BR>
    It includes an increase of 767 for subsidiary BBVA Asset Management Argentina&nbsp;&nbsp;S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">(3)</FONT></TD>
    <TD STYLE="padding-left: 5pt; font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">It includes an increase of 28,268 for exchange
    differences in foreign currency for contingent commitments.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">(4)</FONT></TD>
    <TD STYLE="padding-left: 5pt; font: 10pt BBVABentonSans; text-align: left"><FONT STYLE="font-size: 7pt">It includes 13,084,114 of tax provision reversals
    (see Note 11.c)) recorded under Income Tax</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 14.2pt"></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; width: 50%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 20%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT P</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos constant currency - Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Amortized
    Cost</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FV
    through OCI</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FV
    through profit or loss</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Fair
    value hierarchy</B></FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Statutory
    Measurement Fair value hierarchy</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Level
    1</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Level
    2</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Level
    3</B></FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FINANCIAL
    ASSETS</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt"><U>Cash
    and deposits in banks</U></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Cash
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;117,455,922
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Financial
    institutions and correspondents</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;178,836,392
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Debt
    securities at fair value through profit or loss</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;25,519,962
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;3,917,279
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;21,602,683
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Derivative
    instruments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;2,268,201
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;2,268,201
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt"><U>Repo
    transactions</U></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Argentine
    Central Bank (BCRA)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;52,564,802
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other
    financial assets</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;29,278,345
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;3,926,704
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;3,926,704
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt"><U>Loans
    and other financing</U></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Non-financial
    Government sector</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,399
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">BCRA</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;9,034
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other
    financial institutions</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;4,464,832
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Non-financial
    private sector and residents abroad</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;733,510,960
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Overdrafts</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;62,947,418
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Instruments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;117,688,860
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Mortgage
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;38,509,996
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Pledge
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;24,708,033
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Consumer
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;71,324,186
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Credit
    cards</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;274,537,256
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Finance
    leases</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;6,388,015
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;137,407,196
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other
    debt securities</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;44,527,097
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;600,576,208
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;52,601,929
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;547,323,980
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;650,299
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Financial
    assets pledged as collateral</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;29,495,681
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;16,699,438
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;16,187,316
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;512,122
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Investments
    in equity instruments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">60,468
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;877,879
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;877,879
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">60,468
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>TOTAL
    FINANCIAL ASSETS</B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;1,190,144,464
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;617,336,114
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;32,592,746
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;77,511,107
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;571,767,454
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;650,299
    </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt"><B>&nbsp;</B></P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; width: 50%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 20%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT P</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Continued)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos constant currency - Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Amortized
    Cost</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FV
    through OCI</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FV
    through profit or loss</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Fair
    value hierarchy</B></FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Statutory
    Measurement Fair value hierarchy</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Level
    1</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Level
    2</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Level
    3</B></FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FINANCIAL
    LIABILITIES</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt"><U>Deposits</U></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Non-financial
    government sector</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;9,680,134
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Financial
    sector</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;340,009
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt"><U>Non-financial
    private sector and residents abroad</U></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Checking
    accounts</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;253,464,723
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Savings
    acounts</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;499,037,378
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Time
    deposits and investments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;540,718,266
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;10,579,718
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Derivative
    instruments</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;334,340
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;334,340
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt"><U>Repo
    transactions</U></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other
    financial liabilities</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;118,432,421
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Financing
    received from the BCRA and other financial institutions</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;19,873,142
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Corporate
    bonds issued</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;191,183
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>TOTAL
    FINANCIAL LIABILITIES</B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;1,452,316,974
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;334,340
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>-
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;334,340
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>-
    </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>



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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 14.2pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; width: 50%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 20%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT P</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos constant currency - Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Amortized
    Cost</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FV
    through OCI</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FV
    through profit or loss</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Fair
    value hierarchy</B></FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Statutory
    Measurement Fair value hierarchy</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Level
    1</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Level
    2</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Level
    3</B></FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FINANCIAL
    ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt"><U>Cash
    and deposits in banks</U></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Cash
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;144,641,271
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Financial
    institutions and correspondents</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;280,679,566
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Debt
    securities at fair value through profit or loss</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;2,721,113
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;2,719,594
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,519
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Derivative
    instruments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;5,486,313
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;5,486,313
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt"><U>Repo
    transactions</U></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Argentine
    Central Bank (BCRA)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;267,934,977
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other
    financial assets</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;25,437,779
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;3,710,885
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;3,710,885
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt"><U>Loans
    and other financing</U></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Non-financial
    Government sector</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,441
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other
    financial institutions</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;8,282,236
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Non-financial
    private sector and residents abroad</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;756,655,154
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Overdrafts</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;43,883,358
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Instruments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;100,074,117
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Mortgage
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;44,624,959
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Pledge
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;31,832,424
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Consumer
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;79,769,338
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Credit
    cards</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;306,094,971
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Finance
    leases</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;5,673,027
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 20pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;144,702,960
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other
    debt securities</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;43,956,008
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;316,392,721
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;98,430,498
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;215,933,999
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;2,028,225
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Financial
    assets pledged as collateral</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;30,517,448
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;8,988,656
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;8,988,656
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Investments
    in equity instruments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">70,288
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;4,249,004
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;748,613
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">70,287
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;3,500,391
    </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>TOTAL
    FINANCIAL ASSETS</B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;1,558,105,880
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;325,451,665
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;16,167,315
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;114,598,246
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;221,492,118
    </B></FONT></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;5,528,616
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><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="color: #072146; width: 28%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 12%">EXHIBIT P</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">(Continued)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">CONSOLIDATED CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">(stated in thousands of pesos constant currency - Note 2.1.5.)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 54)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Accounts</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Amortized
    Cost</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">FV
    through OCI</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">FV
    through profit or loss</FONT></TD>
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Fair
    value hierarchy</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 8pt">Statutory
    Measurement Fair value hierarchy</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 8pt">Level
    1</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 8pt">Level
    2</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 8pt">Level
    3</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; color: #072146; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">FINANCIAL LIABILITIES</FONT></TD>
    <TD STYLE="color: #072146; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 8pt">Deposits</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Non-financial government sector</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;&nbsp;25,857,759</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Financial sector</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;423,287</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 8pt">Non-financial private sector
    and residents abroad</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Checking accounts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;331,959,368</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;Savings accounts</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;555,534,445</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Time deposits and investments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;453,362,651</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;&nbsp;12,652,500</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Derivative instruments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;612,069</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;612,069</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 8pt">Repo transactions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Other financial liabilities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;119,977,796</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Financing received from the BCRA and other financial
    institutions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;&nbsp;22,903,783</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Corporate bonds issued</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;979,760</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center"><FONT STYLE="font-size: 8pt">TOTAL
    FINANCIAL LIABILITIES</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,523,651,349</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;612,069</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;612,069</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->149<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 61%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 26%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT Q</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONDOLIDATED BREAKDOWN OF PROFIT OR LOSS</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos constant currency - Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Items</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Net Financial Income/(Expense)</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Statutory Measurement</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Due to measurement of financial assets at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Income from government securities</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10,679,557</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5,290,090</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Income from private securities</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,535,840</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(898,934)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Income from financial derivative instruments</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Forward transactions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,492,046</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6,309,957</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Interest rate swap</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">101,095</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">94,492</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Put options</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(34,657)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(2,302,454)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Income from other financial assets</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">19,644</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">8,717</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Income from loans and other financing</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">To the financial sector</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">21</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Income from the sale or write-off of financial assets at fair value</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">4,388,676</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Due to measurement of financial assets at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Income / (loss) from other financial liabilities</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(5,301)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>18,176,921</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>8,501,868</B></FONT></TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 61%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 26%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 13%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Interest and adjustments due to application of effective interest rate of financial assets measured at amortized cost</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Financial Income/(Expense)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Interest income</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Cash and deposits in banks</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">549,280</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,735,828</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Government securities</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">14,226,852</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">9,332,224</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Loans and other financing</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">339,777,305</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">239,207,672</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">To the financial sector</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2,495,452</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2,064,828</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">To the non-financial private sector</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Overdrafts</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">28,767,653</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">16,494,956</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Instruments</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">39,596,631</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">28,643,882</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Mortgage loans</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3,042,462</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3,353,342</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Pledge loans</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10,611,023</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">10,849,682</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Conusmer loans</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">32,075,984</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">28,325,500</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Credit cards</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">62,619,226</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">49,780,744</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Finance leases</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,971,750</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,864,308</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">158,597,124</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">97,830,430</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Repo transactions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">31,858,523</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">73,245,986</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Argentine Central Bank (BCRA)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">31,796,314</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">73,013,417</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other financial institutions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">62,209</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">232,569</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>386,411,960</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>323,521,710</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Interest expense</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Deposits</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(280,510,824)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(170,308,158)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Checking accounts</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(39,664,114)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(26,886,481)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Savings accounts</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(1,604,249)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(1,016,781)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Term deposits and investments</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(239,236,238)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(142,396,576)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(6,223)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(8,320)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Financing received from the BCRA and other financial institutions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(8,698,548)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(5,421,401)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Repo transactions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(26,871)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(5,515)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other financial institutions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(26,871)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(5,515)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other financial liabilities</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(673,415)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(1,644,297)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>(289,909,658)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>(177,379,371)</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B><BR STYLE="clear: both">
</B></FONT></P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT Q</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Continued)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED BREAKDOWN OF PROFIT OR LOSS</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos constant currency - Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Interest and adjustments due to application of effective interest rate of financial assets at fair value through OCI</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Income for the year</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>OCI</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Private debt securities</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">662,812</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">305,251</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">118,722</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">57,004</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Government debt securities</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">242,274,843</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">94,789,795</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(12,892,168)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,436,371</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>242,937,655</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>95,095,046</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>(12,773,446)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,493,375</B></FONT></TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 72%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; width: 19%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; width: 9%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Commission income</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Income for the year</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Linked to obligations</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">33,755,718</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">32,811,467</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Linked to loans</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6,650,776</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">5,375,823</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Linked to lean commitments and financial guarantees</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3,554</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">18,311</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Linked to securities</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">907,751</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,128,510</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Linked to cards</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">33,118,776</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">39,898,039</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Linked to insurance</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3,521,043</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3,840,993</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Linked to foreign trade and exchange transactions</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3,521,768</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">4,008,489</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>81,479,386</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>87,081,632</B></FONT></TD>
    </TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 72%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; width: 19%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; width: 9%">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Commission expenses</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Income for the year</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Linked to transactions with securities</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(15,701)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(23,315)</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Linked to foreign trade and exchange transactions</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(985,471)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(993,322)</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(33,735,386)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(39,962,352)</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>(34,736,558)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>(40,978,989)</B></FONT></TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; width: 27%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT R</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>ADJUSTMENT TO IMPAIRMENT LOSS - ALLOWANCES FOR LOAN LOSSES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos in constant currency - Note 2.1.5)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>ECL
    of remaining life of the financial asset</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Balances</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>ECL
    for the</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Monetary</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>Balance</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>as
    of 12.31.21</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>following</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FI
    with significant</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>FI
    with credit</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>gain
    (loss)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>as
    of 12.31.22</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>12
    months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>increase
    of</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>impairment</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>generated
    by</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>credit
    risk</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>allowances</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>Other
    financial assets</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;561,113
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;125,051
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>-
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;112,858
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>(336,987)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;462,035
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>Loans
    and other financing</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>26,595,184
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;3,094,669
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;2,945,533
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;1,274,862
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;(13,020,525)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>20,889,723
    </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;Other
    financial institutions</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">81,146
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;&nbsp;186,068
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;&nbsp;183,499
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;(2,690)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">(214,968)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;&nbsp;233,055
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;Non-financial
    private sector and residents abroad</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">26,514,038
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;&nbsp;2,908,601
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;&nbsp;2,762,034
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;&nbsp;1,277,552
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">&nbsp;&nbsp;(12,805,557)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481">20,656,668
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Overdrafts</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;626,669
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;522,652
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;209,250
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;332,279
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(648,392)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,042,458
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Instruments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,170,687
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;185,772
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;(20,941)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;(16,044)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(556,365)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;763,109
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Mortgage
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,431,984
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">65,078
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;263,388
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;848,189
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(893,517)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,715,122
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Pledge
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,107,229
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(235,291)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">17,458
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;303,255
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(429,607)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;763,044
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Consumer
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;5,001,884
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;376,074
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;(17,040)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,354,402
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(2,616,339)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;4,098,981
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Credit
    cards</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;9,475,453
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,337,225
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;2,958,061
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,527,812
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(5,202,819)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">10,095,732
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Finance
    leases</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;186,037
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">67,065
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;8,541
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">53,540
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(102,405)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;212,778
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;7,514,095
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;590,026
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(656,683)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(3,125,881)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(2,356,113)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">&nbsp;&nbsp;1,965,444
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>Other
    debt securities</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>29,433
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>23,071
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>-
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>-
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;(20,417)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>32,087
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>Contingent
    commitments</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;1,662,857
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;1,373,183
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;638,080
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>33,550
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>(1,013,472)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #004481"><B>&nbsp;&nbsp;2,694,198
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>TOTAL
    ALLOWANCES</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>28,848,587
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;4,615,974
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;3,583,613
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;1,421,270
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;(14,391,401)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt; color: #072146"><B>24,078,043
    </B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 6pt">&nbsp;</P>


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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-indent: -1cm">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-indent: -1cm"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SEPARATE STATEMENT OF FINANCIAL POSITION</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 60%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Notes and Exhibits </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;ASSETS </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Cash and deposits in banks </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">4 and Exhibit P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>295,871,339 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>424,725,835 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Cash </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">117,455,917 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">144,641,261 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Financial institutions and correspondents </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">178,415,422 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">280,084,574 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Argentine Central Bank (BCRA) </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">161,300,804 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">276,333,118 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Other in the country and abroad </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;17,114,618 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;3,751,456 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="vertical-align: top; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Debt securities at fair value through profit or loss </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">5, Exhibits A and P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;25,519,962 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;2,721,113 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Derivatives </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">6 and Exhibit P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;2,268,201 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;5,486,313 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Repo transactions </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">7 and Exhibit P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;52,564,802 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>267,934,977 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Other financial assets </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">8</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;27,968,555 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;24,295,896 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Loans and other financing </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">9</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>681,878,706 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>702,099,768 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-financial government sector </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;1,399 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;1,441 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Argentine Central Bank (BCRA) </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;9,034 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other financial institutions </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;17,098,700 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;23,444,594 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-financial private sector and residents abroad </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">664,769,573 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">678,653,733 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Other debt securities </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">10, Exhibits A and P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>645,042,791 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>360,348,729 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Financial assets pledged as collateral </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">11 and Exhibit P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;46,192,511 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;39,504,727 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Current income tax assets </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">12. a)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;4,390,609 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Investments in equity instruments </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">13, Exhibits A and P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>938,347 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;4,319,292 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Investments in subsidiaries and associates </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">14</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;12,707,317 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;13,848,319 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Property and equipment </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">15 and Exhibit F</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;96,019,342 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;99,106,305 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Intangible assets </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">16 and Exhibit G</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;9,550,473 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;7,104,155 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Other non-finacial assets </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">17</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;28,775,658 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;16,477,115 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Non-current assets held for sale </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">18</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>225,079 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>588,486 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;TOTAL ASSETS </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,925,523,083 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,972,951,639 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 60%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Notes and exhibits are an integral part of these separate financial statements.</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-indent: -1cm">&nbsp;</P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SEPARATESTATEMENT OF FINANCIAL POSITION</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated condensed interim financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 60%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Notes and Exhibits </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: #072146 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: #072146 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: #072146 1pt solid; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;LIABILITIES </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Deposits </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">19, Exhibits H and P</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>1,308,068,379 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>1,377,544,293 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-financial Government Sector </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;9,680,134 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;25,857,759 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Financial Sector </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">608,498 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">737,083 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Non-financial Private Sector and Residents Abroad </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,297,779,747 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,350,949,451 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="vertical-align: top; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Derivatives </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">6&nbsp;&nbsp;and Exhibit P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>334,340 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>612,069 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Other financial liabilities </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">21 and Exhibit P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>116,709,627 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>118,135,028 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Financing received from the BCRA and other financial institutions </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">22 and Exhibit P</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;3,037,598 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;3,177,150 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Current income tax liabilities </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">12 b)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;6,534,960 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Provisions </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">J</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;8,525,508 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;10,763,091 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Deferred income tax liabilities </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;6,691,575 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;15,990,755 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Other non-financial liabilities </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">24</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>115,140,391 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>136,218,377 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;TOTAL LIABILITIES </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,565,042,378 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,662,440,763 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" ROWSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;EQUITY </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Share capital </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481">26</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>612,710 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>612,710 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Non-capitalized contributions </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;77,582,620 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;77,582,620 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Capital adjustments </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;55,995,859 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;55,995,859 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Reserves </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>174,962,334 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>136,645,230 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Retained earnings </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;10,803 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;(2,946,632)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Other accumulated comprehensive income/(loss) </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;(7,498,606)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;1,357,353 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Income for the period/year </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;58,814,985 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;41,263,736 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;TOTAL EQUITY </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>360,480,705 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>310,510,876 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;TOTAL LIABILITIES AND EQUITY </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,925,523,083 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>1,972,951,639 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 60%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Notes and exhibits are an integral part of these separate financial statements.</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SEPARATE STATEMENT OF INCOME</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>FOR THE FISCAL YEARS ENDED DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 65%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Notes and Exhibits </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;12.31.22 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;12.31.21 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: #072146 1pt solid; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Interest income </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">27 and Exhibit Q</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">608,706,348 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">401,879,645 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Interest expense </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">28 and Exhibit Q</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;(279,931,830)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;(170,064,942)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: #004481 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Net interest income </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>328,774,518 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>231,814,703 </B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Commission income </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">29 and Exhibit Q</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;75,755,280 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;82,801,514 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Commission expenses </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">30 and Exhibit Q</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(34,436,596)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(40,721,227)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: #004481 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: #004481 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Net commission income </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;41,318,684 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;42,080,287 </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Net income from financial instruments at fair value through profit or loss </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">31 and Exhibit Q</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;16,633,679 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;7,368,115 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Net income (loss) from write-down of assets at amortized cost and at fair value through OCI </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">32</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">289,948 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;(238,226)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Foreing exchange and gold gains/(losses) </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">33</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;8,128,040 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;10,789,483 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Other operating income </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">34</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;21,015,929 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;16,040,124 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Loan loss allowance </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(18,682,577)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(15,718,348)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: #004481 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: #004481 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Net operating income </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>397,478,221 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>292,136,138 </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Personnel benefits </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">35</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(66,682,454)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(59,833,884)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Administrative expenses </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">36</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(66,846,301)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(62,008,127)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Depreciation and amortization </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">37</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(10,878,624)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(10,786,801)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Other operating expenses </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">38</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(58,622,787)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(49,567,748)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: #004481 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: #004481 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Operating income </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>194,448,055 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>109,939,578 </B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Income from associates and joint ventures </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;1,420,838 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;2,224,465 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Gain (loss) on net monetary position </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;(134,764,818)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(71,978,506)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: #004481 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: #004481 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Income before income tax </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;61,104,075 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;40,185,537 </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Income tax </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">12. d)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;(2,289,090)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;1,078,199 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Net income for the year </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;58,814,985 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;41,263,736 </B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 65%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Notes and exhibits are an integral part of these separate financial statements.</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-align: center; text-indent: -1cm"></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-indent: -1cm">&nbsp;</P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SEPARATE STATEMENT OF INCOME</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>FOR THE FISCAL YEARS ENDED ENDED DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EARNINGS PER SHARE</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos in constant currency - Note 2.1.5. to the consolidated financial statements)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 51%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Accounts </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: #072146 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: #072146 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: #072146 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Numerator: </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Net income attributable to owners of the Parent </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">58,814,985</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">41,263,736</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Net income attributable to owners of the Parent adjusted to reflect the effect of dilution </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">58,814,985</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">41,263,736</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Denominator: </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="4" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Weighted average of outstanding common shares for the year </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710,079</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710,079</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Weighted average of outstanding common shares for the year adjusted to reflect the effect of dilution </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710,079</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710,079</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Basic earnings per share (stated in thousands of pesos) </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">95.9915</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">67.3463</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Diluted earnings per share (stated in thousands of pesos) (1) </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">95.9915</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">67.3463</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.15pt"></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 BBVABentonSans; margin: 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="7" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SEPARATE STATEMENT OF OTHER COMPREHENSIVE INCOME </B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;FOR THE FISCAL YEARS ENDED DECEMBER 31, 2022 AND 2021 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements) </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;(Translation of Financial statements originally issued in Spanish - See Note 43) </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 70%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Note</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Net income for the year </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;58,814,985 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;41,263,736 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Other comprehesive income components to be reclassified to income/(loss) for the year: </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Share in Other Comprehensive Income from associates and joint ventures at equity method </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Income/(Loss) for the year on the Share in OCI from associates and joint ventures at equity method </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">109,004 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(6,940)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>109,004 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>(6,940)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Profit or losses from financial instruments at fair value through OCI </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Income/(Loss) for the year on financial instruments at fair value through OCI </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(12,460,666)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;1,339,785 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Reclassification adjustment for the year </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;(272,217)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">208,433 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Income tax </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;12.d) </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;3,805,789 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;(389,109)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;(8,927,094)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;1,159,109 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Other comprehesive income components not to be reclassified to income/(loss) for the year: </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Income or loss on equity instruments at fair value through OCI (IFRS 9, paragraph 5.7.5) </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Loss for the year on equity instruments at fair value through OCI </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(37,869)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(25,407)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;(37,869)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;(25,407)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Total Other Comprehensive Income/(loss) for the year </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;(8,855,959)</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;1,126,762 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Total Comprehensive Income </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;49,959,026 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;42,390,498 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; width: 70%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; width: 6%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 2%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Notes and exhibits are an integral part of these separate financial statements.</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="17" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SEPARATE STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="17" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 24%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>2022</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Share</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Non-capitalized</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Other
    Comprehensive</B></FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Retained</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Capital</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>contributions</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Income</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Earnings</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="4" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Transactions</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Outstanding
    shares</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Share
    premium</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Adjustments
    to equity</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Income/(loss)
    on financial instruments at fair value through OCI</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Other</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="white-space: nowrap; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Legal</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Other
    </B></FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Retained
    earnings</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>Restated
    balances at the beginning of the year</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;612,710
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;77,582,620
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;55,995,859
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;1,466,371
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>(109,018)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;66,237,595
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;70,407,635
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;38,317,104
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;310,510,876
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Impact
    of the implementation of the financial reporting framework established by the BCRA -IFRS 9, paragraph 5.5 for Related Companies(Note
    2.5. to the consolidated financial statements)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;10,803
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;10,803
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>Adjusted
    balance at the beginning of the year</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;612,710
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;77,582,620
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;55,995,859
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;1,466,371
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>(109,018)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;66,237,595
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;70,407,635
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;38,327,907
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;310,521,679
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Total
    comprehensive income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Net income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;58,814,985
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;58,814,985
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Other Comprehensive Income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(8,964,963)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;109,004
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(8,855,959)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-Distribution
    of Unappropriated Retained Earnings as per Shareholders' Resolution dated April 29, 2022 (Note 43 to the consolidated financial statements)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;Legal
    reserve</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;7,663,421
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(7,663,421)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;Other</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;30,653,683
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(30,653,683)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Balances
    at fiscal year end</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;612,710
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;77,582,620
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;55,995,859
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>(7,498,592)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>(14)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;73,901,016
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;101,061,318
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;58,825,788
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;360,480,705
    </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 24%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 2%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="17" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(1)It represents $ 11.42 per share.</FONT></TD></TR>
  <TR>
    <TD COLSPAN="17" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(2)It represents $ 10.61 per share.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
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    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Notes
    and exhibits are an integral part of these separate financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>



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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="17" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SEPARATE STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 24%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>2021</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Share</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Non-capitalized</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Other
    Comprehensive</B></FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Retained</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Capital</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>contributions</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Income</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Earnings</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="4" STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Transactions</B></FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Outstanding
    shares</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Share
    premium</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Adjustments
    to equity</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Income
    on financial instruments at fair value through OCI</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Other</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="white-space: nowrap; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Legal</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Other
    </B></FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Retained
    earnings</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>Restated
    balances at the beginning of the year</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;612,710
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;77,582,620
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;55,995,859
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>332,669
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>(102,078)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;66,237,595
    </B></FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;187,597,745
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;(86,535,229)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;301,721,891
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; text-align: left; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Adjusted
    income from previous years(see Note 2.1.1.b) to the consolidated financial statements)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(2,946,642)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(2,946,642)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>Adjusted
    balance at the beginning of the year</B></FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;612,710
    </B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;77,582,620
    </B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;55,995,859
    </B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>332,669
    </B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>(102,078)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;66,237,595
    </B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;187,597,745
    </B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;(89,481,871)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #004481"><B>&nbsp;298,775,249
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Total
    comprehensive income for the year</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Net income for the year</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;41,263,736
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;41,263,736
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-
    Other Comprehensive Income for the year</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,133,702
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">(6,940)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,126,762
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;--
    Distribution of Unappropriated Retained Earnings as per Shareholders' Resolution dated April 20, 2021 (Note 43 to the consolidated
    financial statements)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;Cash
    dividends (1)</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(17,507,119)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(17,507,119)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;Absorption
    of accrued losses</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(86,535,239)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;86,535,239
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-Distribution
    of Unappropriated Retained Earnings as per Shareholders' Resoution dated November 20, 2020</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;Cash
    dividends (2)</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(13,147,752)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(13,147,752)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>Balances
    at fiscal year end</B></FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;612,710
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;77,582,620
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;55,995,859
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;1,466,371
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>(109,018)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;66,237,595
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;70,407,635
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;38,317,104
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;310,510,876
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 23%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 2%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; width: 2%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="17" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(1)It represents $ 28.57 per share stated in historical currency</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;(2)&nbsp;It represents $ 21.46 per share</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Notes and exhibits are an integral part of these separate financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt">&nbsp;</P>




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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 35.45pt; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SEPARATE STATEMENT OF CASH FLOWS</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>FOR THE FISCAL YEARS ENDED DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 77%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Accounts </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #002060"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;12.31.22 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;12.31.21 </B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Cash flows from operating activities </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Income before income tax </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;61,104,075 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;40,185,537 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Adjustment for total monetary income for the period </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;134,764,818 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;71,978,506 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Adjustments to obtain cash flows from operating activities: </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;30,243,175 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;78,456,312 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Depreciation and amortization </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;10,878,624 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;10,786,801 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Loan loss allowance </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;18,682,577 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;15,718,348 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Effect of foreign exhange changes on cash and cash equivalents </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(1,165,968)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;44,901,598 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Loss for the sale of Prisma Medios de Pagos S.A. </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(4,388,676)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Income from put option taken - Prisma Medios de Pagos S.A.&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">2,302,454 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Other adjustments </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">6,236,618 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">4,747,111 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Net increases from operating assets: </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;(1,043,330,470)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;(586,399,446)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Debt securities at fair value through profit or loss </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(35,287,767)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(5,017,494)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Derivatives </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,736,775 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">585,176 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Repo transactions </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;149,441,563 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(199,773,264)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Loans and other financing </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(427,295,150)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(217,204,810)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Non-financial government sector </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;(1,328)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;(321)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Other financial institutions </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(5,306,694)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(13,258,914)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Non-financial private sector and residents abroad </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(421,987,128)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(203,945,575)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Other debt securities </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(677,796,664)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(150,349,299)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Financial assets pledged as collateral </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(34,921,838)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(4,227,024)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Investments in equity instruments </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">591,247 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,730,291 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Other assets </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(19,798,636)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(12,143,022)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Net increases from operating liabilities: </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;921,581,432 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;&nbsp;630,367,305 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Deposits </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;782,170,616 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;528,172,882 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Non-financial government sector </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(2,487,971)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;16,784,353 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Financial sector </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">382,117 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(2,017,665)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Non-financial private sector and residents abroad </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;784,276,470 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;513,406,194 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Liabilities at fair value through profit or loss </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;41,830 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">127,071 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Derivatives </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">162,334 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">387,017 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Other liabilities </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;139,206,652 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;101,680,335 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Income tax paid </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(222,811)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(6,439,205)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Total cash flows generated by operating activities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;104,140,219 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;228,149,009 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SEPARATE STATEMENT OF CASH FLOWS</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>FOR THE FISCAL YEARS ENDED DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(stated in thousands of pesos in constant currency - Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 78%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Cash flows from investing activities </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Payments: </B></FONT></TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>(28,209,661)</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>(16,197,453)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Purchase of property and equipment, intangible assets and other assets </FONT></TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(16,329,867)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(15,561,294)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other payments related to investing activities </FONT></TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(11,879,794)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(636,159)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Collections: </B></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>3,547,659 </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>4,748,395 </B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other collections related to investing activities </FONT></TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">3,547,659 </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">4,748,395 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Total cash flows used in investing activities </B></FONT></TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>(24,662,002)</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>(11,449,058)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Cash flows from financing activities </B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Payments: </B></FONT></TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;(2,842,243)</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>(14,536,634)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Financing from local financial institutions </FONT></TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(701,127)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(6,863,188)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other payments related to financing activities </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(4,948,127)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;Leases </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(2,141,116)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(2,725,319)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;Collections: </B></FONT></TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>561,575 </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #004481"><B>&nbsp;14,109 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;BCRA </FONT></TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;10,158 </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;14,109 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Other collections related to financing activities </FONT></TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">551,417 </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;&nbsp;-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Total cash flows used in financing activities </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;(2,280,668)</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>(14,522,525)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Effect of exchange rate changes on cash and cash equivalents </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1,165,968 </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(44,901,598)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;Gain/loss on net monetary position of cash and cash equivalents </FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(207,218,013)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(179,046,304)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Total changes in cash flows </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;(128,854,496)</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>(21,770,476)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Restated cash and cash equivalents at the beginning of the year (Note 4) </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;424,725,835 </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;446,496,311 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;Cash and cash equivalents at fiscal year-end (Note 4) </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;295,871,339 </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>&nbsp;&nbsp;424,725,835 </B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 78%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Notes and exhibits are an integral part of these separate financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>



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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt; color: #072146"><B>NOTES TO
THE SEPARATE FINANCIAL STATEMENTS </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt; color: #072146"><B>AS OF DECEMBER
31, 2022 </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt; color: #072146"><B>(Amounts
stated in thousands of Argentine pesos in constant currency &ndash;Note 2.1.5. to the consolidated financial statements)</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 0 35.45pt; text-align: center; text-indent: -10.7pt; color: #072146"><B>(Translation
of Financial statements originally issued in Spanish - See Note 43)</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><B>1.</B></TD><TD><B>Basis for the preparation of separate financial statements</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 17.6pt; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 14.2pt; text-align: justify">As mentioned in Note 2 to the consolidated financial
statements, the Bank presents consolidated financial statements in accordance with the financial reporting framework set forth by the
BCRA.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">These financial statements of the Entity 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 BBVABentonSans; margin: 0 0 0 2cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><B>2.</B></TD><TD><FONT STYLE="color: #072146"><B>Basis for the preparation of these financial statements and applicable accounting standards</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 17.6pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">These separate financial statements of the Bank were prepared
in accordance with the financial reporting framework set forth by the BCRA (Communication &ldquo;A&rdquo; 6114 of the BCRA, as supplemented).
Except for the exceptions established by the BCRA which are explained in the following paragraph, such framework is based on International
Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and adopted by the Argentine Federation
of Professionals Councils in Economic Sciences (FACPCE, for its acronym in Spanish). The abovementioned international standards include
the IFRS, the International Accounting Standards (IAS) and the interpretations developed by the IFRS Interpretations Committee (IFRIC)
or former IFRIC (SIC).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Out of the exceptions set forth by the BCRA to the application
of current IFRS, the following affect the preparation of these separate financial statements:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 39.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Within the framework of the convergence process
to IFRS established by Communication &ldquo;A&rdquo; 6114, as amended and supplemented, the BCRA provided that for fiscal years starting
on or after January 1, 2020, financial institutions defined as &ldquo;Group A&rdquo; according to BCRA regulations, as such is the case
of the Entity, are required to start to apply paragraph 5.5 &ldquo;Impairment&rdquo; of IFRS 9 &ldquo;Financial Instruments&rdquo; (paragraphs
B5.5.1 through B5.5.55) except for exposures to the public sector, considering the exclusion set forth by Communication &ldquo;A&rdquo;
6847.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 57.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 57.3pt; text-align: justify">Had the above mentioned paragraph 5.5. &ldquo;Impairment&rdquo;
been applied in full, according to global estimate made by the Entity, as of December 31, 2022 and 2021, its shareholders&rsquo; equity
would have been reduced by 4,482,561 and 3,723,823, respectively.</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 39.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">As of December 31, 2021, the Entity valued
its remaining interest in Prisma Medios de Pago SA (&ldquo;<U>Prisma</U>&rdquo;) following the guidelines set forth by applicable standards
and considering a valuation report as of December 31, 2020 issued by independent experts subject to the provisions of Memoranda No. 7/2019
and No. 8/2021 dated April 29, 2019 and May 22, 2021, respectively, received from the BCRA, which set forth specific provisions as regards
the measurement of such interest. Considering those provisions, the Entity has made</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 57.3pt; text-align: justify">adjustments to the fair value previously determined
(see Note 12.1 to the consolidated financial statements).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 57.3pt; text-align: justify"><FONT STYLE="text-decoration: none">In addition, the
Bank recognized an adjustment to previous years&rsquo; profits, at the request of the BCRA. By means of Memorandum No. 8/2021 dated May
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 BBVABentonSans; margin: 6pt 0 6pt 57.3pt; 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 4,209,490 (decrease) and
&ldquo;Unappropriated retained earnings&rdquo; by 2,946,642 (net decrease in deferred income tax) in the comparative Separate Statement
of Financial Position and in the comparative Separate Statement of Changes in Shareholders&rsquo; Equity as of December 31, 2021.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 57.3pt; text-align: justify"><FONT STYLE="text-decoration: none">In determining
the valuation of such equity interest, the Entity followed the guidelines set out under applicable standards, also considering a valuation
report as of December 31, 2020 issued by independent appraisers.</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 57.3pt; text-align: justify"><FONT STYLE="text-decoration: none">In March 2022,
the shares corresponding to the abovementioned interest were transferred and the income (loss) from their sale was recorded in the quarter
ended March 31, 2022. Had the IFRS been applied in order to determine the fair value above mentioned, the income (loss) of previous years
and for the year ended December 31, 2022 would have changed. However, this situation does not generate differences as regards the shareholders&rsquo;
equity value as of December 31, 2022.</FONT></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: 39.4pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">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. As described in Note 12, such provision was fully reversed as from June 30, 2021.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Except for what was mentioned in the previous paragraphs,
the accounting policies applied by the Entity comply with the IFRS that have been currently approved and are applicable in the preparation
of these separate financial statements in accordance with the IFRS as adopted by the BCRA as per Communication &ldquo;A&rdquo; 7411. In
general, the BCRA does not allow the early application of any IFRS, unless otherwise specified.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">In addition, the BCRA through Communications &ldquo;A&rdquo;
6323 and 6324 provided the guidelines for the preparation and presentation of financial statements of financial institutions for the fiscal
years starting on or after January 1, 2018, including the additional reporting requirements as well as the information to be presented
as Exhibits.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Measuring unit (Note 2.1.5. to the consolidated
financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Significant accounting policies (Note 2.3. to
the consolidated financial statements), except for the measurement of investments in subsidiaries</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Accounting judgments, estimates and assumptions
(Note 2.4. to the consolidated financial statements)</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Regulatory changes introduced during this fiscal
year and New pronouncements (Note 2.5. and 2.6., respectively, to the consolidated financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Transcription to books (Note 2.7. to the consolidated
financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Provisions (Note 23 to the consolidated financial
statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Fair values of financial instruments (Note 39
to the consolidated financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Segment reporting (Note 40 to the consolidated
financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Banking deposits guarantee insurance system (Note
45 to the consolidated financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Compliance with the provisions to act in the different
categories of agent defined by the Argentine Securities Commission (Note 47 to the consolidated financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Trust activities (Note 49 to the consolidated
financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Mutual funds (Note 50 to the consolidated financial
statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Penalties and administrative proceedings initiated
by the BCRA (Note 51 to the consolidated financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt New York,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: left"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">Event after reporting period (Note 53 to the consolidated
financial statements)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 48.35pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><B>3.</B></TD><TD><B>Significant accounting policies</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 14.2pt; text-align: justify"><U>Investments in subsidiaries</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 14.2pt; text-align: justify">Subsidiaries are all entities controlled by the Entity.
The Entity 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. 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 BBVABentonSans; margin: 6pt 0 0 14.2pt; text-align: justify">Ownership interests 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 Entity'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 BBVABentonSans; margin: 6pt 0 0 14.2pt; text-align: justify">The financial statements as of December 31, 2022 of
the subsidiaries &ldquo;BBVA Asset Management Argentina S.A.U&rdquo;. and &ldquo;Consolidar Administradora de Fondos de Jubilaciones y
Pensiones S.A.&rdquo; (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 BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">The financial statements of &ldquo;PSA Finance Argentina
Compa&ntilde;&iacute;a Financiera S.A&rdquo;. and &ldquo;Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A.&rdquo; were
prepared pursuant to the model set forth in paragraph 5.5 &ldquo;Impairment&rdquo; of IFRS 9 as from January 1, 2022, as stated in Note
2 to the consolidated financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><B>4.</B></TD><TD><B>Cash and deposits in banks</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 39.25pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>


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    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">BCRA - Current account</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;161,300,804</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;276,333,118</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Cash</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;117,455,917</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;144,641,261</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Balances with other local and foreign institutions</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;17,114,618</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,751,456</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;295,871,339</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;424,725,835</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><B>5.</B></TD><TD><B>Debt securities at fair value through profit or loss</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.25pt; text-align: justify; color: #072146"><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="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">BCRA Liquidity Bills</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;14,615,430</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Government securities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,904,532</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,719,594</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Private securities - Corporate bonds</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,519</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;25,519,962</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,721,113</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><B>6.</B></TD><TD><B>Derivatives</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 36pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; 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 and options. These transactions do not qualify as hedging pursuant to IFRS 9 - Financial Instruments.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">The abovementioned 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 from measurement of financial instruments at fair value through profit or loss&rdquo;.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">Breakdown is as follows:</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify"><U>Assets</U></P>

<P STYLE="font: 8pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; 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: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Debit balances linked to foreign currency forwards pending settlement in pesos</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,189,239</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5,480,278</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Premium for put option taken (*)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;49,182</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Debit balances linked to interest rate swaps - floating rate for fixed rate</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;29,780</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6,035</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,268,201</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,486,313</TD></TR>
  </TABLE>

<P STYLE="font: 8pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt">&nbsp;</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">(*) In particular, the Entity subscribed for options as
set forth in Communication &ldquo;A&rdquo; 7546 issued by the BCRA.</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify"><U>Liabilities</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt">&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="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Credit balances linked to foreign currency forwards pending settlement in pesos</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">334,340</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">612,069</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">334,340</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">612,069</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->165<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; 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 rate swaps are reported below:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #004481; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: justify">Foreign currency forwards</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Foreign currency forward purchases - US$</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,165,119</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,189,085</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Foreign currenct forward sales - US$</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,217,856</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,129,832</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Foreign currency forward sales - Euros</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,825</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;11,432</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: justify">Interest rate swaps</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Fixed rate for floating rate (1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,500,000</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">180,000</TD></TR>
  </TABLE>

<P STYLE="font: 8pt BBVABentonSans; margin: 0 7.05pt 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt BBVABentonSans; 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: 8pt BBVABentonSans; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><B>7.</B></TD><TD><B>Repo transactions</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify"><U>Reverse repurchase transactions</U></P>

<P STYLE="font: 12pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Amounts receivable for reverse repurchase transactions of BCRA bills with the BCRA</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;52,564,802</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;267,934,977</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;52,564,802</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;267,934,977</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify"><U>Repurchase transactions</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">No repurchase transactions were accounted for as
of December 31, 2022 and 2021.</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><B>8.</B></TD><TD><B>Other financial assets</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 7.1pt"><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="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Measured at amortized cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other receivables</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;12,869,432</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;12,635,434</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Receivables from sale of ownership interest in Prisma Medios de Pago S.A.</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;10,799,016</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6,670,713</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Financial debtors from spot transactions pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,569,015</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,092,137</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Non-financial debtors from spot transactions pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;87,780</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;15,775</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;59,788</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">384,759</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;28,385,031</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;24,798,818</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(416,476)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(502,922)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;27,968,555</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;24,295,896</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><B>9.</B></TD><TD><B>Loans and other financing</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">loans and other financing at amortized cost.
Below is a breakdown of the related balance:</P>

<P STYLE="font: 12pt Palatino,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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Credit cards</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;274,537,256</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;306,094,971</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Consumer loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;71,109,615</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;79,650,257</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Overdrafts</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;62,947,418</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;43,883,358</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Discounted instruments</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;58,508,686</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;56,750,248</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Unsecured instruments</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;58,203,908</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;39,743,482</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Mortgage loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;38,509,996</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;44,624,959</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Loans for the prefinancing and financing of exports</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;25,073,189</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;25,990,486</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Other financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;17,999,645</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;24,086,229</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Pledge loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">8,796,138</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">9,478,923</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Receivables from finance leases</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,563,679</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,053,195</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Loans to personnel</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,816,003</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,676,879</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Instruments purchased</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">976,266</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,580,387</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">BCRA</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">9,034</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Non-financial government sector</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,399</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,441</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other financing</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;75,733,303</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;83,690,196</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;702,785,535</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;728,305,011</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(20,906,829)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(26,205,243)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;681,878,706</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;702,099,768</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">The Bank entered into finance lease agreements related
to vehicles and machinery and equipment.</P>


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

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">The following table shows the total gross investment
in the finance leases (leasing) and the current value of the minimum payments to be received thereunder:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 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="text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #072346; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="text-align: center; color: #072346; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #072346; font-weight: bold; text-align: center">12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left; color: #072346; font-weight: bold; width: 26%">Term</TD>
    <TD STYLE="text-align: center; color: #072346; font-weight: bold; width: 5%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072346; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 16%">Total investment</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072346; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 16%">Current value of minimum payments</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: center; width: 5%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072346; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 16%">Total investment</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; color: #072346; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt; width: 16%">Current value of minimum payments</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Up to 1 year</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;3,196,246</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,301,602</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,669,090</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,455,052</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>From 1 to 2 years</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;3,159,894</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,591,596</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,349,170</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,407,855</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>From 2 to 3 years</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,542,373</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,540,606</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,035,171</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,471,596</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>From 3 to 4 years</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,498,386</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,061,905</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;964,351</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;709,618</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>From 4 to 5 years</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">95,471</TD>
    <TD STYLE="text-align: right">67,970</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">13,300</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;9,074</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-align: center">TOTAL</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">10,492,370</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;5,563,679</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;8,031,082</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 1pt">&nbsp;&nbsp;5,053,195</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Principal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;5,413,497</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,897,493</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Interest accrued</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;150,182</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;155,702</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072346; font-weight: bold; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072346; font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;5,563,679</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072346; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072346; font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;5,053,195</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; 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 BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: center">Total Exhibit B and C</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;724,440,619</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;741,160,249</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle">Plus:</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;&nbsp;BCRA</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">9,034</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;&nbsp;Loans to personnel</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,816,003</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,676,879</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;&nbsp;Interest and other items accrued receivable from financial assets with credit value impairment</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">204,729</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">883,552</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle">Less:</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">Allowance for loan losses (Exhibit R)</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(20,906,829)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(26,205,243)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">Adjustments for effective interest rate</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(4,118,950)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(3,572,085)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">Corporate bonds</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(3,783,186)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(2,718,068)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">Loan commitments</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(18,782,714)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(13,125,516)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Total loans and other financing</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;681,878,706</TD>
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;702,099,768</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">Note 42.2 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>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">As of December 31, 2022 and 2021, 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: 12pt Palatino,serif; margin: 0 0 0 14.2pt">&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="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">Liabilities related to foreign trade transactions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">8,474,253</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,670,457</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">Secured loans</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6,648,750</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,567,326</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">Overdrafts and receivables agreed not used</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,120,342</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,224,017</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">Guarantees granted</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,539,369</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,663,716</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;18,782,714</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;13,125,516</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; 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 BBVABentonSans; margin: 0 0 0 14.2pt; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>10.</B></TD><TD><B>Other debt securities</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 37.8pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify; color: #004481"><B>a) Financial assets measured at
amortized cost</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 14.2pt">&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="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Argentine Treasury Bond in pesos at 43.25% fixed rate or adjusted by CER+1% - Maturity May 2027</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;32,432,677</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Argentine Treasury Bond in pesos at 0.7% Private Baldar Rate Maturity 11-23-2027</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;12,094,420</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Argentine Treasury Bond in pesos at 22% fixed rate. Maturity May 2022</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;43,956,008</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;44,527,097</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;43,956,008</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify; color: #004481"><B>b) Financial assets measured at
fair value through OCI</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">BCRA Liquidity Bills</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;468,834,745</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;209,779,172</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Government securities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;125,832,474</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;103,965,304</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Private securities - Corporate bonds</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,722,935</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,648,245</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">BCRA Local Bills</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,125,540</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;600,515,694</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;316,392,721</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 49.65pt; text-align: justify; text-indent: -42.55pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>11.</B></TD><TD><B>Financial assets pledged as collateral</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 37.8pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">As of December 31, 2022 and 2021, the Bank pledged as
collateral the following financial assets:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Guarantee trust - Government securities at fair value through OCI</TD>
    <TD STYLE="font-size: 9pt; text-align: center">(2)</TD>
    <TD STYLE="text-align: right">&nbsp;16,699,438</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,988,656</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: justify">BCRA - Special guarantee accounts (Note 42.1)</TD>
    <TD STYLE="font-size: 9pt; vertical-align: middle; text-align: center">(1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;13,866,345</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;14,215,377</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: justify">Deposits as collateral</TD>
    <TD STYLE="font-size: 9pt; vertical-align: middle; text-align: center">(3)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">8,235,262</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">7,948,548</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: justify">Guarantee trust - USD&nbsp;</TD>
    <TD STYLE="font-size: 9pt; text-align: center">(4)</TD>
    <TD STYLE="text-align: right">7,391,466</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,352,146</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;46,192,511</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;39,504,727</TD></TR>
  </TABLE>

<P STYLE="font: 8pt BBVABentonSans; 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: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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>

<P STYLE="font: 8pt BBVABentonSans; margin: 0 7.05pt 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: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">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>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->169<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 8pt BBVABentonSans; 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: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; 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>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: 85.15pt">&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: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 8pt">The trust is composed of dollars in cash and
government securities at fair value through OCI as collateral for activities related to the transactions on MAE and BYMA.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>12.</B></TD><TD STYLE="text-align: justify"><B>Income Tax:</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Income tax should be booked by the liability method, which
consists in recognizing (as receivable or payable) the tax effect of temporary differences between the book and tax valuation of assets
and liabilities, and in subsequently charging them to profit or loss for the year in which such differences are reversed, having duly
considered the likelihood of using NOLs in the future.</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 6pt; margin-bottom: 6pt; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Current income tax assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.25pt; text-align: justify; text-indent: -10.9pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Below is a breakdown of the current income tax assets disclosed
in the separate statement of financial position:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 57%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 17%">12.31.22</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 17%">12.31.21</TD></TR>
  <TR>
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-left: 48px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">Income tax assets</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;4,390,609</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,390,609</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Current income tax liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 39.25pt; text-align: justify; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">Below is a breakdown of the current income tax liabilities
disclosed in the separate statement of financial position:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 57%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 17%">12.31.22</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 17%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Income tax provision</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;6,859,600</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">Advances</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(306,408)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Collections and withholdings</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(18,232)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;6,534,960</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;-</TD></TR>
  </TABLE>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->170<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Palatino,serif; margin: 6pt 0 6pt 39.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Deferred Income tax </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The deferred tax assets and liabilities disclosed in the
separate statement of financial position are as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center; width: 54%">Deferred tax assets:</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 16%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 14%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 14%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Loan loss allowance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,709,620</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;5,373,712</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Provisions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,614,464</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;7,918,754</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Loans and credit card commissions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,221,034</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;989,255</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Derivatives</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;25,456</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Tax inflation adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,113,278</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;6,174,780</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;43</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,589</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Total deferred assets</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">20,658,439</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;20,483,546</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="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: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 54%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 14%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center">Deferred tax liabilities:</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-style: italic; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Intangible assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(4,838,582)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(4,265,328)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Property and equipment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(12,984,257)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(27,452,753)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Investments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(9,527,175)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(4,756,220)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Total deferred liabilities</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(27,350,014)</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(36,474,301)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Net deferred tax liabilities</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(6,691,575)</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(15,990,755)</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 6pt; margin-bottom: 6pt; color: #004481"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt"><B>Income tax </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 30.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 30.35pt; text-align: justify">Below are the main components of the income tax (expense)
/ benefit disclosed in the separate financial statements:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 57%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 17%">12.31.22</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 17%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">Current income tax liabilities</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;(7,782,481)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;14,953,882</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle">Deferred income tax</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;5,493,391</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(13,875,683)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">Income tax recognized through profit or loss</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;(2,289,090)</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;1,078,199</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">Income tax recognized through OCI</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;3,805,789</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;&nbsp;(389,109)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">Total income tax</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,516,699</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">689,090</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 0 0 14.2pt; text-align: justify"></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">The income tax expense for the fiscal year ended December
31, 2022 was calculated considering the position filed by the Bank with the AFIP (Argentine Federal Revenue Agency), as indicated under
&ldquo;Tax adjustment for inflation: 2021 tax year&rdquo; of note 11.c) to the consolidated financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">In addition, the income tax benefit for the fiscal 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</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">for tax purposes. Fiscal years 2016, 2017 and 2018&rdquo;
of Note 11.c) to the consolidated financial statements</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; 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, 2022, comparative with the previous year:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt BBVABentonSans">
  <TR>
    <TD STYLE="vertical-align: middle; width: 54%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center; width: 16%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Income before income tax</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">61,104,075</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">40,185,537</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Income tax rate</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">35%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">35%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold">&nbsp;Tax on taxable income&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">21,386,426</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">14,064,938</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>Permanent differences:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Non-taxable income</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(809,117)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,118,350)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Non-income tax deductible expenses</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">91,088</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;145,000</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Effect of tax rate change</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,869,737</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Other</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;130,282</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Accounting inflation adjustment</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">61,049,981</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">35,637,072</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Tax inflation adjustment</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(79,339,322)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(37,783,642)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Recovery of allowance for filing actions</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(13,084,114)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">2021 tax return adjustment</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(89,966)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,939,122)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">Income tax expense / (benefit)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;2,289,090</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,078,199)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>13.</B></TD><TD STYLE="text-align: justify"><B>Investments in equity instruments</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #004481"><B>13.1 Investments in equity instruments
through profit or loss</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Private securities - Shares of other non-controlled companies</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">877,879</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">748,613</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Prisma Medios de Pago S.A. (Note 12 to the consolidated financial statements)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">3,500,391</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">877,879</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,249,004</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #004481"><B>13.2 Investments in equity instruments
through other comprehensive income</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 14.2pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Banco Latinoam&eacute;ricano de Exportaciones S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;58,025</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;67,307</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,443</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,981</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;60,468</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;70,288</TD></TR>
  </TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: 9pt BBVABentonSans; margin: 0">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>14.</B></TD><TD STYLE="text-align: justify"><B>Investments in subsidiaries and associates </B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; 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 BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">3,699,338</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">3,441,080</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,449,976</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,081,680</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">PSA Finance Arg. C&iacute;a. Financiera S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,076,720</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,291,495</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">BBVA Seguros Argentina S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,197,152</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,325,212</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Interbanking S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">823,993</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">623,016</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">Rombo Compa&ntilde;&iacute;a Financiera S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">744,208</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,539,529</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Play Digital S.A.&nbsp;&nbsp;(1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">486,571</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">222,162</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">Openpay Argentina S.A.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">215,501</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">285,733</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Consolidar A.F.J.P. S.A. (undergoing liquidation proceedings)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;13,858</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;38,412</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 24px; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;12,707,317</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;13,848,319</TD></TR>
  </TABLE>

<P STYLE="font: 9pt BBVABentonSans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0; text-align: justify">(1) In order to determine the value of this investments, the accounting
information of Play Digital S.A. as of September 30, 2022 has been used. In addition, the significant transactions made or events occurred
between October 1, 2022 and December 31, 2022 were considered. See Note 53 &ndash; Subsequent events.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>15.</B></TD><TD STYLE="text-align: justify"><B>Property and equipment</B></TD></TR></TABLE>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 0 39.25pt">&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="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Real estate</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;70,810,561</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;72,409,283</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Furniture and facilities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;12,734,044</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;13,597,338</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Right of use of leased real estate</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,848,097</TD>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">6,686,474</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Constructions in progress</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,270,148</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,185,255</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Machinery and equipment</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,113,918</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,067,015</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Vehicles</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">242,574</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">160,940</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;96,019,342</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;99,106,305</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; 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 nine pieces of real estate exceeds their
recoverable value. Therefore, such amount should be written down to the recoverable value.</P>


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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">The impairment loss of assets recorded under the item
&ldquo;Property and equipment&rdquo; is reported below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">Item</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Impairment&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 58%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.2022&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.2021&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate - Lavallol</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(21,502)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(14,500)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate - Monte Grande</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(95,769)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(58,925)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate - Caleta Olivia, Santa Cruz</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(23,915)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate - Cerro Las Rosas</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(49,898)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate - Libertador</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(350,613)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate - Store 1 Puerto Madero</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(132,586)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate - Store 5 Puerto Madero</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(82,755)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate - Mar del Plata</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(9,708)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate - Bah&iacute;a Blanca</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(10,440)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 300px; color: #072146; font-weight: bold; vertical-align: middle; text-align: left">TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(777,186)</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(73,425)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The changes in this item for year 2022 are reported in Exhibit
F, and the changes for year 2021 are reported below:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>ITEM
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Original
    value as of 01.01.21 </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Total
    estimated useful life in years </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Additions
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Derecognitions
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Impairment
    </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Depreciation
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Residual
    value as of 12.31.2021 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Loss
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Accumulated
    as of 01.01.21 </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Derecognitions
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;For
    the year </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;At
    year end </B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Real
    estate</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;75,181,977
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">50</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;5,614,892
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">33,121
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;73,425
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;6,542,286
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">33,121
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,771,875
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">8,281,040
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">72,409,283</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Furniture
    and facilities</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;23,582,969
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">10</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,676,984
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;669,116
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;9,162,127
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">669,118
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;2,500,490
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;10,993,499
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">13,597,338</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Machinery
    and equipment</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;12,931,414
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,644,325
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">4,568,271
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;6,644,671
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;4,568,268
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;3,864,050
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,940,453
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">4,067,015</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Vehicles</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">430,354
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;87,462
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">23,250
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">286,969
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">23,248
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">69,905
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;333,626
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">160,940</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Right
    of use of leased properties</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;11,903,933
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,595,527
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;717,275
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;4,124,902
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">11,147
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,981,956
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">6,095,711
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">6,686,474</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Constructions
    in progress</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,902,057
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,482,711
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,199,513
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">2,185,255</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Total
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;125,932,704
    </B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;12,101,901
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>7,210,546
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;73,425
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;26,760,955
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;5,304,902
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;10,188,276
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;31,644,329
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;99,106,305
    </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>16.</B></TD><TD STYLE="text-align: justify"><B>Intangible assets</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Licenses - Software</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,550,473</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,104,155</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">9,550,473</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,104,155</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 7.1pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The changes in this item for year 2022 are reported in Exhibit
G, and the changes for year 2021 are reported below:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>CONCEPTO
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Valor
    origen al incio del ejercicio 01.01.21 </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Vida
    util total estimadas en a&ntilde;os</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Altas
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Bajas
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Deterioro
    </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Depreciaci&oacute;n
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Valor
    residual al 12.31.2021 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;P&eacute;rdida
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Acumulada
    al 01.01.21 </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Bajas
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Del
    ejercicio </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Al
    cierre </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; white-space: nowrap; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Licencias
    - Software</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">6,210,514</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;3,459,393
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,532,010
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,644,449
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;1,014,570
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">403,863
    </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">1,033,742</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">7,104,155</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Total
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;6,210,514
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;3,459,393
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1,532,010
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;1,644,449
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;1,014,570
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>403,863
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>1,033,742
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>7,104,155
    </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0; color: #072146"><B>&nbsp;</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>17.</B></TD><TD STYLE="text-align: justify"><B>Other non-financial assets&#9;</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Investment properties</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;19,737,520</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,454,122</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Prepayments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,496,621</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,289,748</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Tax advances</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,519,431</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,708,618</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Advances to personnel</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,596,882</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,419,592</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Advances to suppliers of goods</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">900,865</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">986,280</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other miscellaneous assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">260,410</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">358,347</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Assets acquired as security for loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;18,998</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;20,728</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">244,931</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">239,680</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;28,775,658</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;16,477,115</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 17pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; 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 BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">The changes in this item for year 2022 are reported in Exhibit
F, and the changes for year 2021 are reported below:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>ITEM
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Original
    value as of 01.01.21 </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Total
    estimated useful life in years </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Additions
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Derecognitions
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Impairment
    </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Depreciation
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Residual
    value as of 12.31.2021 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Loss
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Accumulated
    as of01.01.21 </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Derecognitions
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;For
    the year </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;At
    year end </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Leased
    properties</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;5,493,993
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">50</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">332,771
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">93,787
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;426,558
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">5,067,435
    </FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">Other
    investment properties</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">446,411
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">10</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">49,795
    </FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;9,929
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;59,724
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt">&nbsp;386,687
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri,sans-serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;Total
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;5,940,404
    </B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>-&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;-&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>382,566
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;-&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>103,716
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>&nbsp;486,282
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 7pt; color: #072146"><B>5,454,122
    </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>18.</B></TD><TD STYLE="text-align: justify"><B>Non-current assets held for sale</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; 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 BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Property and equipment held for sale</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">225,079</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">588,486</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">225,079</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">588,486</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 two pieces of real estate exceeds its recoverable
value. Therefore, such amount should be written down to the recoverable value.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify">On July 13, 2022, the real property of &ldquo;Fundaci&oacute;n
BBVA&rdquo; accounted for under this item was sold. The result of the transaction was recorded under &ldquo;Other operating income &ndash;
Income from sale of non-current assets held for sale&rdquo; (Note 34).</P>


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

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

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">Item</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Impairment&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 58%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 17%">&nbsp;12.31.2022&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 16%">&nbsp;12.31.2021&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate held for sale - Fisherton</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;(87,487)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(75,821)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Real Estate held for sale - Mendoza</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(396)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;(87,883)</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(75,821)</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>19.</B></TD><TD STYLE="text-align: justify"><B>Deposits</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">The information on concentration of deposits is disclosed
in Exhibit H. Breakdown is as follows:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Non-financial government sector</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">9,680,134</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;25,857,759</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Financial sector</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">608,498</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">737,083</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Non-financial private sector and residents abroad</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;1,297,779,747</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;1,350,949,451</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Savings accounts</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;499,116,331</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;555,623,684</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Time deposits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;408,659,945</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;334,068,170</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Checking accounts</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;253,478,640</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;331,981,163</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Investment accounts</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;125,945,113</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;116,623,934</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,579,718</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;12,652,500</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;1,308,068,379</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;1,377,544,293</TD></TR>
  </TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>20.</B></TD><TD STYLE="text-align: justify"><B>Liabilities at fair value through profit or loss</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">No transactions were accounted for the years ended December
31, 2022 and 2021.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>21.</B></TD><TD STYLE="text-align: justify"><B>Other financial liabilities</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Obligations from financing of purchases</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;82,584,306</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;89,019,876</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Collections and other transactions on behalf of third parties</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">8,428,501</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,168,381</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Payment orders pending credit</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">6,527,468</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,415,163</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Funds collected under AFIP's instructions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,680,637</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,180,209</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Liabilities for leases (Note 25)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,120,338</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,678,938</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Receivables from spot purchases pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,902,928</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,782,670</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Credit balance for spot sales pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,656,925</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;12,015</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Commissions accrued payable</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;40,843</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;68,565</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,767,681</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">3,809,211</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;116,709,627</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;118,135,028</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-indent: -7.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>22.</B></TD><TD STYLE="text-align: justify"><B>Financing received from the BCRA and other financial institutions</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; 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="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Local financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,389,949</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">3,088,459</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Foreign financial institutions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">559,652</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">BCRA</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;87,997</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;88,691</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,037,598</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,177,150</TD></TR>
  </TABLE>

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

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


<!-- Field: Page; Sequence: 177 -->
    <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="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->176<!-- 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">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>23.</B></TD><TD STYLE="text-align: justify"><B>Corporate bonds issued</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 43.1pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 21.3pt; text-align: justify">No transactions were accounted for in the years ended
December 31, 2022 and 2021.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 1cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>24.</B></TD><TD STYLE="text-align: justify"><B>Other non-financial liabilities</B></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 21.3pt; 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="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Miscellaneous creditors</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;36,689,080</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;25,443,270</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Advances collected</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;19,631,164</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;15,892,565</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other collections and withholdings</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;17,476,424</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;16,673,861</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Short-term personnel benefits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;17,114,402</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;17,009,383</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Cash dividends payable (1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;14,834,791</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;54,542,068</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Other taxes payable</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">6,672,479</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4,583,655</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Long-term personnel benefits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">914,857</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,079,512</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Termination benefits payable</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">897,528</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">For contract liabilities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">449,646</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">717,522</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Social security payment orders pending settlement</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">306,676</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">157,095</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">153,344</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">119,446</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;115,140,391</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;136,218,377</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt BBVABentonSans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 18pt">(1)</TD><TD STYLE="text-align: justify; padding-right: 7.05pt">See Note 43 to the consolidated financial statements.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>25.</B></TD><TD STYLE="text-align: justify"><B>Leases</B></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 BBVABentonSans; margin: 0 7.05pt 0 0; text-align: justify"><U>The Bank as lessee</U></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 14.2pt; 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, 2022 and 2021:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 14.2pt; text-align: justify; color: #004481"><B>Rights of use under leases</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 35.45pt; text-align: justify; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 14.2pt; text-align: justify">The changes in this item for fiscal year 2022 are
reported in Exhibit F, while the changes for fiscal year 2021 are reported in Note 15 &ndash; Property and equipment.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 35.45pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 14.2pt; text-align: justify; color: #004481"><B>Lease liabilities</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 14.2pt; text-align: justify">Future minimum payments for lease agreements are
as follows:</P>

<P STYLE="font: 10pt BBVABentonSans; 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 STYLE="color: #072146; font-weight: bold; text-align: center; width: 29%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 17%">In foreign currency</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 19%">In local currency</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 14%">12.31.22</TD>
    <TD STYLE="color: #072146; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Up to one year</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;272,181</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">30,558</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;302,739</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;430,460</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>From 1 to 5 years</TD>
    <TD STYLE="text-align: right">2,824,095</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">332,634</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;3,156,729</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;3,954,784</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>More than 5 years</TD>
    <TD STYLE="text-align: right">651,546</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">9,324</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;660,870</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,293,694</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,120,338</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;5,678,938</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 14.2pt">&nbsp;</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 14.2pt"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->177<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 21.3pt">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 14.2pt; text-align: justify; color: #004481"><B>Interest and exchange rate difference
recognized in profit or loss</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 35.45pt">&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="width: 29%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 14%">12.31.22</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Other operating expenses</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="3">Interest on liabilities from finance lease (Note 38)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(619,695)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(899,749)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold">Exchange rate difference</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="vertical-align: top; text-align: left">Exchange rate difference for finance lease (loss)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(4,135,610)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(3,123,752)</TD></TR>
  </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>26.</B></TD><TD STYLE="text-align: justify"><B>Share Capital</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">Share capital information is disclosed in Note 26 to the
consolidated financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>27.</B></TD><TD STYLE="text-align: justify"><B>Interest income</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on government securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;256,453,832</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;104,114,179</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Stabilization Coefficient (CER) clause adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;82,083,427</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;35,685,175</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on credit card loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;62,619,226</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;49,780,744</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Interest on instruments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;39,596,631</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;28,643,882</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on consumer loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;32,075,984</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;28,325,500</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Premiums on reverse repurchase agreements</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;31,858,523</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;73,245,986</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Acquisition Value Unit (UVA) clause adjustment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;30,856,941</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;26,069,390</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Interest on overdrafts</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;28,774,464</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;16,497,070</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on other loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;27,073,759</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;20,367,681</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Interest on loans to the financial sector</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,010,605</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,168,723</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on mortgage loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,042,462</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,353,342</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Interest on pledge loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,761,950</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,102,131</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on finance leases</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,595,491</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,578,533</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Interest on loans for the prefinancing and financing of exports</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">725,826</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,906,230</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on private securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">662,812</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">305,251</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">514,415</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,735,828</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;608,706,348</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;401,879,645</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>28.</B></TD><TD STYLE="text-align: justify"><B>Interest expenses</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Time deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;212,726,476</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;131,825,545</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Checking accounts deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;39,664,114</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;26,886,481</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Acquisition Value Unit (UVA) clause adjustments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;25,111,539</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">9,201,782</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Savings accounts deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,604,249</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,016,781</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interfinancial loans received</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">534,184</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">308,646</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other liabilities from financial transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">258,174</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">811,872</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Premiums on reverse repurchase transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;26,871</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,515</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,223</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,320</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;279,931,830</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;170,064,942</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"></P>


<!-- Field: Page; Sequence: 179 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->178<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>29.</B></TD><TD STYLE="text-align: justify"><B>Commission income</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Linked to liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;33,765,068</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;32,826,035</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>From credit cards</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;33,118,776</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;39,898,039</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>From foreign trade and foreign currency transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,521,768</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,008,489</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>From insurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,521,043</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,840,993</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Linked to loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">917,320</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,081,137</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Linked to securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">907,751</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,128,510</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>From guarantees granted</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,554</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;18,311</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;75,755,280</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;82,801,514</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>30.</B></TD><TD STYLE="text-align: justify"><B>Commission expenses</B></TD></TR></TABLE>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>For credit and debit cards</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;25,207,929</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;32,257,543</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>For payment of salaries</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,552,863</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,788,120</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>For data processing</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,529,968</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">625,367</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>For new channels</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,295,894</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,090,280</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>For foreign trade transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">985,471</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">993,322</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>For advertising campaigns</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">258,602</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>For digital sales services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;60,028</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">177,633</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>For promotions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">102,091</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Linked to transactions with securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;15,701</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;23,315</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other commission expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,530,140</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,663,556</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;34,436,596</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;40,721,227</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify; text-indent: 1cm"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>31.</B></TD><TD STYLE="text-align: justify"><B>Net income / (loss) from financial instruments carried at fair value through profit or loss</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Income from government securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,679,557</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,290,090</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Income from sale or write-off of financial assets (1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,388,676</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Income from foreign currency forward transactions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,492,046</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6,309,957</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Income from interest rate swaps</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">101,095</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;94,492</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Times New Roman, serif">Income from corporate bonds</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;19,644</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,717</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Income from loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;21</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Income/(loss) from private securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(7,402)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(2,032,687)</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Income/(loss) from put options taken (2)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(34,657)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(2,302,454)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(5,301)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;16,633,679</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,368,115</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">(1) Corresponds to the sale of 49% of Prisma Medios de
Pago S.A.&rsquo;s capital stock. On March 18, 2022, the transfer of all the remaining shareholding of the Bank in such company was consummated.</P>

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">(2) For further information as of December 31, 2021, see
Note 12.1 to the consolidated financial statements.</P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></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: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>32.</B></TD><TD STYLE="text-align: justify"><B>Net income / (loss) from derecognition of assets carried at amortized cost and at fair value through
other comprehensive income</B></TD></TR></TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">Income/(Loss) from sale of government securities</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">217,979</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;(237,182)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Income/(loss) from sale of private securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;71,969</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(1,044)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">289,948</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(238,226)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 39.6pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>33.</B></TD><TD STYLE="text-align: justify"><B>Foreign exchange and gold gains (losses)</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 7.1pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Income from purchase-sale of foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;12,494,497</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;12,917,412</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Conversion of foreign currency assets and liabilities into pesos</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(4,366,457)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(2,127,929)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">8,128,040</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,789,483</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>34.</B></TD><TD STYLE="text-align: justify"><B>Other operating income</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Adjustments and interest on miscellaneous receivables</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,829,641</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,918,830</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Loans recovered</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,346,730</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,790,957</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Rental of safe deposit boxes</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,925,146</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,117,323</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">Debit and credit card commissions</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,522,153</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,177,878</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="vertical-align: bottom; text-align: left">Income from asset sale in equity instruments (1)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,515,485</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left">Fees expenses recovered</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">825,182</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">752,919</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Rent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">627,682</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Income from sale of non-current assets held for sale</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">456,042</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Punitive interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">442,144</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">416,787</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Commission from syndicated transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">263,789</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">198,824</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Allowances reversed</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">227,853</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">576,486</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Income from initial recognition of government securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;29,794</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other operating income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,034,082</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,060,326</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;21,015,929</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;16,040,124</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify; text-indent: -21.8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 43.1pt; text-align: justify; text-indent: -7.65pt"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify">(1) Corresponds to the sale of 49% of Prisma Medios de
Pago S.A.&rsquo;s capital stock. On March 18, 2022 the transfer of all the remaining shareholding of the Bank in such company was consummated.</P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>35.</B></TD><TD STYLE="text-align: justify"><B>Personnel benefits</B></TD></TR></TABLE>

<P STYLE="font: 12pt BBVABentonSans; 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: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Salaries</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;36,500,050</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;35,607,922</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Other short-term personnel benefits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;13,820,668</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,535,005</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Social security withholdings and collections</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;11,545,769</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;10,643,098</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Personnel compensation and bonuses</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">2,734,341</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,327,262</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Personnel services</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,475,814</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,106,516</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">Termination personnel benefits (Exhibit J)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">224,244</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">252,580</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: justify">Other long-term personnel benefits</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">381,568</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">361,501</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;66,682,454</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;59,833,884</TD></TR>
  </TABLE>

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

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


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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>36.</B></TD><TD STYLE="text-align: justify"><B>Administrative expenses</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 7.1pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Taxes</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;14,167,010</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;13,100,113</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Rent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,490,306</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,964,589</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Armored transportation services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,275,411</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,017,658</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Maintenance and repair costs</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,585,531</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,895,021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Contracted administrative services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,999,255</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,988,626</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>IT</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,719,497</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,288,336</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Advertising</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,439,564</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,017,637</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Electricity and communications</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,467,273</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,755,604</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Documents distribution</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,197,800</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,836,084</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other fees</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,936,277</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,266,916</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Security services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,799,102</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,078,355</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Trade reports</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,247,731</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,175,119</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Insurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">639,163</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">737,228</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Representation and travel expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">438,779</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">311,131</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Fees to Bank Directors and Supervisory Committee</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;98,466</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">111,840</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Stationery and supplies</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;84,601</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">123,951</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other administrative expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,260,535</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,339,919</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;66,846,301</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;62,008,127</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 1cm; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>37.</B></TD><TD STYLE="text-align: justify"><B>Depreciation and amortization</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Depreciation of property and equipment (Exhibit F and Note 15)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,265,376</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,206,320</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Amortization of rights of use of leased real property (Exhibit F and Note 15)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,979,261</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,981,956</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Loss for the sale or depreciation of property and equipment (Note 15)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">703,761</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;73,425</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Amortization of intangible assets (Exhibit G and Note 16)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">625,324</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">403,863</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Depreciation of other assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">304,902</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">121,237</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,878,624</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,786,801</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>38.</B></TD><TD STYLE="text-align: justify"><B>Other operating expenses</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 63%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.22&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Turnover tax</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;38,529,060</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;31,223,267</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Other allowances (Exhibit J)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,784,571</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,757,388</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Initial recognition of loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,206,695</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,834,054</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Reorganization expenses (Exhibit J)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,373,713</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,411,298</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Contribution to the Deposit Guarantee Fund</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,028,590</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,186,354</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Claims</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,478,605</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">610,158</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Interest on liabilities from leases (Note 25)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">619,695</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">899,749</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">Loss for the sale or depreciation of investment properties and other non-financial assets&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;12,062</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;75,821</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other operating expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,589,796</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,569,659</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;&nbsp;TOTAL</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;58,622,787</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;49,567,748</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 14.2pt; text-align: justify"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->181<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 7.05pt 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>39.</B></TD><TD STYLE="text-align: justify"><B>Related parties</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 21.3pt">See Note 41 to the consolidated financial statements.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 1cm; text-indent: 7.1pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>40.</B></TD><TD STYLE="text-align: justify"><B>Restrictions to the distribution of earnings </B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.05pt 0 39.25pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 21.3pt; text-align: justify">See Note 43 to the consolidated financial statements
as regards restrictions to the distribution of earnings.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 36pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>41.</B></TD><TD STYLE="text-align: justify"><B>Restricted assets </B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 39.25pt; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 6pt 21.3pt; text-align: justify">As of December 31, 2022 and 2021, the Bank has the
following restricted assets:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 6pt 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: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></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-family: BBVABentonSans; 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="color: #072146; font-weight: bold; width: 68%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 17%">12.31.22</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Argentine Treasury Bond adjusted by CER. Maturity 2023</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">45,977</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Argentine Treasury Bond adjusted by CER. Maturity 2024</TD>
    <TD STYLE="text-align: right">41,310</TD>
    <TD STYLE="text-align: right">216,220</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 84px; color: #072146; font-weight: bold; text-align: left">Total</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">41,310</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">262,197</TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 7.1pt 6pt 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: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></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-family: BBVABentonSans; 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 46,192,511
and 39,504,727 as of December 31, 2022 and 2021, respectively (see Note 11 to these separate financial statements).</FONT></TD></TR></TABLE>


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    <!-- Field: /Page -->

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

<P STYLE="font: 12pt 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: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>42.</B></TD><TD STYLE="text-align: justify"><B>Minimum cash and minimum capital requirements</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 21.3pt; color: #004481"><B>42.1 Minimum cash requirements</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; 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="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: bottom; width: 64%">Items</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center; background-color: white; width: 15%">12.31.2022</TD>
    <TD STYLE="color: rgb(7,33,70); font-weight: bold; vertical-align: middle; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center; background-color: white; width: 15%">12.31.2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">Balances at the BCRA</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;161,300,804</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;276,333,118</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;BCRA - current account - not restricted</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13,866,345</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">14,215,377</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;BCRA &ndash; special guarantee accounts &ndash;&nbsp;&nbsp;restricted (Note 11)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;175,167,149</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;290,548,495</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Argentine Treasury Bond in pesos. Maturity 05-23-2027</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">32,432,677</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">Argentine Treasuty Bonds in pesos at 0.7% Baldar Private Rate. Maturity 11-23-2027</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">12,094,420</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Argentine Treasury Bond in pesos at 22% fixed rate. Maturity May 2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">43,956,008</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18,535,678</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Liquidity Bills - BCRA</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;483,450,175</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;209,779,172</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;721,680,099</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;544,283,675</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0 6pt 21.3pt; color: #004481"><B>42.2 Minimum capital requirements</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 42.55pt; text-align: justify">The regulatory breakdown of minimum capital requirements
is as follows at the above-mentioned dates:</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: bottom; width: 64%">Minimum capital requirement</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center; background-color: white; width: 15%">12.31.2022</TD>
    <TD STYLE="color: rgb(7,33,70); font-weight: bold; vertical-align: middle; text-align: center; background-color: white; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: center; background-color: white; width: 15%">12.31.2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Credit risk</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">67,102,952</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">81,638,973</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Operational risk</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">27,434,133</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">29,492,236</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Market risk</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,474,618</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;442,182</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Paid-in</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;302,747,115</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;276,892,141</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">Surplus</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;206,735,412</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;165,318,750</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt BBVABentonSans; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>43.</B></TD><TD STYLE="text-align: justify"><B>Accounting principles &ndash; Explanation added for translations into English</B></TD></TR></TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 21.3pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt 21.3pt; text-align: justify">These separate financial statements are presented in
accordance with the financial reporting framework set forth by the BCRA, as mentioned in note 2. These accounting standards may not conform
to accounting principles generally accepted in other countries.</P>




<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt 42.55pt"></P>

<P STYLE="font: 10pt BBVABentonSans; 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: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: right">EXHIBIT A</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; width: 43%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">BREAKDOWN OF GOVERNMENT AND PRIVATE SECURITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated condensed financial statements)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">HOLDING</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">POSITION</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Fair</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Fair</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Book</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Book</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Position with</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Account</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Identification</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">no options</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Options</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Final position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">level</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Local:</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Government Securities - In pesos</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Argentine Treasury Bond in pesos 16% Maturity 10-17-2023</TD>
    <TD STYLE="text-align: center">5319</TD>
    <TD STYLE="text-align: right">6,987,253</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">6,987,253</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,987,253</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">6,987,253</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bills adjusted by Cer Maturity 02-17-2023</TD>
    <TD STYLE="text-align: center">9111</TD>
    <TD STYLE="text-align: right">397,279</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">397,279</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">397,279</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">397,279</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Treasury Bills at discount Maturity 01-03-2022 ARS</TD>
    <TD STYLE="text-align: center">5938</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,545,654</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bills at discount Maturity 01-31-2022 ARS</TD>
    <TD STYLE="text-align: center">5917</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,173,940</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; text-align: left">Subtotal Government Securities - In pesos</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: #072146 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;7,384,532</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;7,384,532</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;2,719,594</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;7,384,532</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;7,384,532</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Government Securities - In foreign currency</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Argentine Treasury Bond in dual currency. Maturity&nbsp;&nbsp;07-31-2023</TD>
    <TD STYLE="text-align: center">9146</TD>
    <TD STYLE="text-align: right">3,520,000</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">3,520,000</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,520,000</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;22,029</TD>
    <TD STYLE="text-align: right">3,542,029</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; text-align: left">Subtotal Government Securities - In foreign currency</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;3,520,000</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;3,520,000</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;3,520,000</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;22,029</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;3,542,029</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">BCRA Bills - In pesos</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-12-2023</TD>
    <TD STYLE="text-align: center">13930</TD>
    <TD STYLE="text-align: right">14,615,430</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">14,615,430</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">14,615,430</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">14,615,430</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; text-align: left">Subtotal BCRA Bills - In pesos</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">14,615,430</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">14,615,430</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">14,615,430</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">14,615,430</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Private Securities - In pesos</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Corporate Bond Rombo Cia Financiera S.A. Class 42</TD>
    <TD STYLE="text-align: center">53238</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,519</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; text-align: left">Subtotal Private Securities - In Pesos</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;1,519</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">TOTAL DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">25,519,962</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">25,519,962</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;2,721,113</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">25,519,962</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;22,029</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">25,541,991</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: right">EXHIBIT A</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: right">(Continued)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">BREAKDOWN OF GOVERNMENT AND PRIVATE SECURITIES</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31,2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated condensed interim financial statements)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: left; width: 43%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">HOLDING</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">POSITION</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Fair</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Fair</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Book</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Book</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Position with</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Account</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Identification</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">no options</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Options</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Final position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">Level</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: right">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: right">12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">OTHER DEBT SECURITIES</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">MEASURED AT FAIR VALUE THROUGH OCI</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Local:</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Government Securities - In pesos</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Argentine Treasury Bonds adjusted by 1.55% CER in pesos. Maturity 07-26-2024</TD>
    <TD STYLE="text-align: center">5405</TD>
    <TD STYLE="text-align: right">25,636,731</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">25,636,731</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">25,636,731</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">25,636,731</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bonds adjusted by 1.50% CER in pesos. Maturity 03-25-2024</TD>
    <TD STYLE="text-align: center">5493</TD>
    <TD STYLE="text-align: right">24,857,192</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">24,857,192</TD>
    <TD STYLE="text-align: right">24,803,535</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">24,857,192</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">24,857,192</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Treasury Bonds adjusted by 1.45% CER in pesos. Maturity 08-13-2023</TD>
    <TD STYLE="text-align: center">5497</TD>
    <TD STYLE="text-align: right">20,794,480</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">20,794,480</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,595,377</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">20,794,480</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">20,794,480</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bills adjusted by CER. Maturity 05-19-2023</TD>
    <TD STYLE="text-align: center">9127</TD>
    <TD STYLE="text-align: right">13,213,522</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">13,213,522</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">13,213,522</TD>
    <TD STYLE="text-align: right">&nbsp;8,799</TD>
    <TD STYLE="text-align: right">13,222,321</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Treasury Bills at discount ARS Maturity 03-31-2023</TD>
    <TD STYLE="text-align: center">9164</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;9,079,110</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;9,079,110</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;9,079,110</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;9,079,110</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bonds adjusted by 1.40% CER in pesos. Maturity 03-25-2023</TD>
    <TD STYLE="text-align: center">5492/81012</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,730,190</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,730,190</TD>
    <TD STYLE="text-align: right">18,929,424</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,730,190</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,730,190</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Argentine Bond adjusted by 2% CER in pesos Tx26 (Boncer). Maturity 11-9-2026</TD>
    <TD STYLE="text-align: center">5925</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,263,656</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,263,656</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,263,656</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,263,656</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bills at discount ARS Maturity 04-28-2023</TD>
    <TD STYLE="text-align: center">9142</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;7,994,800</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;7,994,800</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;7,994,800</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;7,994,800</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Treasury Bills adjusted by CER. Maturity 06-16-2023</TD>
    <TD STYLE="text-align: center">9152</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,866,346</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,866,346</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,866,346</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;18,354</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,884,700</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-style: normal; font-weight: 400; letter-spacing: normal; word-spacing: 0px; background-color: rgb(255, 255, 255)">Treasury
Bills at discount ARS Maturity 05-31-2023</FONT></TD>
    <TD STYLE="text-align: center">9171</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,461,768</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,461,768</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,461,768</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,461,768</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Treasury Bills adjusted by CER. Maturity. 04-21-2023</TD>
    <TD STYLE="text-align: center">9118</TD>
    <TD STYLE="text-align: right">&nbsp;666,479</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;666,479</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;666,479</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;666,479</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bonds adjusted by 1.30% CER in pesos. Maturity 09-20-2022</TD>
    <TD STYLE="text-align: center">5495</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">21,055,446</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Treasury Bills adjusted by CER. Maturity 02-22-2022</TD>
    <TD STYLE="text-align: center">5500</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">12,275,705</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bonds adjusted by 1.20% CER in pesos. Maturity 03-18-2022</TD>
    <TD STYLE="text-align: center">5491/81034</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,231,290</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Treasury Bills adjusted by CER. Maturity 05-23-2022</TD>
    <TD STYLE="text-align: center">5936</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,967,224</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bills adjusted by CER. Maturity 04-18-2022</TD>
    <TD STYLE="text-align: center">5934</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,663,289</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Treasury Bills adjusted by CER. Maturity 06-30-2022</TD>
    <TD STYLE="text-align: center">5940</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,352,127</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Treasury Bills adjusted by CER. Maturity 10-21-2022</TD>
    <TD STYLE="text-align: center">5969</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,928,452</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Treasury Bills adjusted by CER. Maturity 08-16-2022</TD>
    <TD STYLE="text-align: center">5949</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,010,976</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; text-align: left">Subtotal Government Securities - In pesos</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;125,564,274</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;125,564,274</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;100,812,845</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;125,564,274</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;27,153</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;125,591,427</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Government Securities - In foreign currency</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Dollar-linked Argentine Treasury Bonds. Maturity 11-30-2022</TD>
    <TD STYLE="text-align: center">5937</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,105,713</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Dollar-linked Argentine Treasury Bonds. Maturity 04-28-2023</TD>
    <TD STYLE="text-align: center">5928</TD>
    <TD STYLE="text-align: right">&nbsp;268,200</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;268,200</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,046,746</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;268,200</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;268,200</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; text-align: left">Subtotal Government Securities - In foreign currency</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;268,200</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;268,200</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;3,152,459</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;268,200</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;268,200</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">BCRA Bills - In pesos</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-26-2023</TD>
    <TD STYLE="text-align: center">13934</TD>
    <TD STYLE="text-align: right">&nbsp;165,810,225</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;165,810,225</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;165,810,225</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;165,810,225</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-03-2023</TD>
    <TD STYLE="text-align: center">13927</TD>
    <TD STYLE="text-align: right">59,522,460</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">59,522,460</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">59,522,460</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">59,522,460</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-05-2022</TD>
    <TD STYLE="text-align: center">13928</TD>
    <TD STYLE="text-align: right">59,285,040</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">59,285,040</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">59,285,040</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">59,285,040</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-10-2023</TD>
    <TD STYLE="text-align: center">13929</TD>
    <TD STYLE="text-align: right">48,913,165</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">48,913,165</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">48,913,165</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">48,913,165</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-17-2023</TD>
    <TD STYLE="text-align: center">13931</TD>
    <TD STYLE="text-align: right">48,233,850</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">48,233,850</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">48,233,850</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">48,233,850</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-12-2023</TD>
    <TD STYLE="text-align: center">13930</TD>
    <TD STYLE="text-align: right">43,846,290</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">43,846,290</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">43,846,290</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">43,846,290</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-19-2023</TD>
    <TD STYLE="text-align: center">13932</TD>
    <TD STYLE="text-align: right">43,223,715</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">43,223,715</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">43,223,715</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">43,223,715</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-25-2022</TD>
    <TD STYLE="text-align: center">13778</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">47,414,199</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-18-2022</TD>
    <TD STYLE="text-align: center">13776</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">38,206,363</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-11-2022</TD>
    <TD STYLE="text-align: center">13774</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23,089,083</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-13-2022</TD>
    <TD STYLE="text-align: center">13775</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">22,465,700</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-27-2022</TD>
    <TD STYLE="text-align: center">13779</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">20,820,315</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-04-2022</TD>
    <TD STYLE="text-align: center">13772</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19,379,617</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-06-2022</TD>
    <TD STYLE="text-align: center">13773</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19,339,882</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">BCRA Liquidity Bills in pesos. Maturity 01-20-2022</TD>
    <TD STYLE="text-align: center">13777</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19,064,013</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; text-align: left">Subtotal BCRA Bills - In pesos</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;468,834,745</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;468,834,745</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;209,779,172</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;468,834,745</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;468,834,745</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">BCRA Bills - In foreign currency</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Local BCRA Bills in USD. Maturity 09-29-2023</TD>
    <TD STYLE="text-align: center">11808</TD>
    <TD STYLE="text-align: right">&nbsp;531,385</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;531,385</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;531,385</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;531,385</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Local BCRA Bills in USD. Maturity 10-03-2023</TD>
    <TD STYLE="text-align: center">11815</TD>
    <TD STYLE="text-align: right">&nbsp;531,385</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;531,385</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;531,385</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;531,385</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Local BCRA Bills in USD. Maturity 10-04-2023</TD>
    <TD STYLE="text-align: center">11816</TD>
    <TD STYLE="text-align: right">&nbsp;531,385</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;531,385</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;531,385</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;531,385</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Local BCRA Bills in USD. Maturity 10-05-2023</TD>
    <TD STYLE="text-align: center">11817</TD>
    <TD STYLE="text-align: right">&nbsp;354,257</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;354,257</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;354,257</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;354,257</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Local BCRA Bills in USD. Maturity 09-23-2023</TD>
    <TD STYLE="text-align: center">11804</TD>
    <TD STYLE="text-align: right">&nbsp;177,128</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;177,128</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;177,128</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;177,128</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; text-align: left">Subtotal BCRA Bills - In foreign currency</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;2,125,540</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;2,125,540</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;2,125,540</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;2,125,540</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: left">Private Securities - In pesos</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Corporate Bond Arcor Class 17 adjusted by UVA. Maturity 10-20-2025</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">55692</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;616,412</TD>
    <TD STYLE="vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;616,412</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;581,969</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;616,412</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;616,412</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">Corporate Bond Refi Pampa Class 2 adjusted by UVA.Maturity 05-06-2025</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">56123</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">33,887</TD>
    <TD STYLE="vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;33,887</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;33,887</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;33,887</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Corporate Bond New San Class 10 in pesos. Maturity 12-20-2022&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">55856</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;376,151</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Corporate Bond Petroquimica Rivadavia Class G at variable rate.Maturity 05-31-2022</TD>
    <TD STYLE="text-align: center">55388</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;151,329</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Corporate Bond Ledesma Class 10. Maturity 05-27-2022</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">55500</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;505,594</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-left: 9px; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: left">Subtotal Private Securities - In pesos</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;650,299</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;650,299</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;1,615,043</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;650,299</TD>
    <TD STYLE="color: #072146; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;650,299</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Private Securities - In foreign currency</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD>
    <TD STYLE="color: red">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Corporate Bond Vista Energy Class 13 in USD. Maturity 08-08-2024</TD>
    <TD STYLE="vertical-align: middle; text-align: center">56207</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;1,353,113</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;1,353,113</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;1,353,113</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;1,353,113</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">Corporate Bond Vista Energy Class 15 in USD. Maturity 01-21-2024</TD>
    <TD STYLE="vertical-align: middle; text-align: center">56637</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;884,871</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;884,871</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;884,871</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;884,871</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Corporate Bond Luz De Tres Picos Class 4 in USD. Maturity 09-29-2026</TD>
    <TD STYLE="vertical-align: middle; text-align: center">56467</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;556,045</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;556,045</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;556,045</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;556,045</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">Corporate Bond Pcr Class H in USD</TD>
    <TD STYLE="vertical-align: middle; text-align: center">55849</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;189,404</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;189,404</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;308,307</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;189,404</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;189,404</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Dollar-linked Corporate Bond Molinos Agro. Maturity 05-18-2023</TD>
    <TD STYLE="vertical-align: middle; text-align: center">55364</TD>
    <TD STYLE="vertical-align: middle; text-align: right">89,203</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;89,203</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;311,712</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;89,203</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;89,203</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">Corporate Bond Vista Oil Y Gas. Maturity 08-27-2025</TD>
    <TD STYLE="vertical-align: middle; text-align: center">55584</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;212,227</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Corporate Bond Luz De Tres Picos in USD. Maturity 10-28-2024</TD>
    <TD STYLE="text-align: center">55710</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;200,956</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; text-align: left">Subtotal Private Securities - In foreign currency</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;3,072,636</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;3,072,636</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;1,033,202</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;3,072,636</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;3,072,636</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: left">TOTAL DEBT SECURITIES AT FAIR VALUE THROUGH OCI</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;600,515,694</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;600,515,694</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;316,392,721</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;600,515,694</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;27,153</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;600,542,847</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 14.2pt"></P>


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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: right">EXHIBIT A</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: right">(Continued)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">BREAKDOWN OF GOVERNMENT AND PRIVATE SECURITIES</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated condensed financial statements)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">HOLDING</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">POSITION</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Fair</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Fair</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; text-align: center">Book</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; text-align: center">Book</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Position with</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Account</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Identification</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">value</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">no options</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Options</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Final position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">level</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: #072146 0.5pt solid; text-align: center">12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">OTHER DEBT SECURITIES (Continued)</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">MEASURED AT AMORTIZED COST</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Government Securities - In pesos</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Argentine Treasury Bonds in pesos. Maturity 05-23-2027</TD>
    <TD STYLE="vertical-align: middle; text-align: center">9132</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">32,432,677</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">32,432,677</TD>
    <TD STYLE="vertical-align: middle; text-align: center">-</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">32,432,677</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">32,432,677</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left; width: 43%">Argentine Treasury Bonds in pesos, 0.7% Baldar Private rate. Maturity 11-23-2027</TD>
    <TD STYLE="text-align: center; width: 7%">9166</TD>
    <TD STYLE="text-align: right; width: 7%">12,094,420</TD>
    <TD STYLE="text-align: center; width: 5%">2</TD>
    <TD STYLE="text-align: right; width: 8%">12,094,420</TD>
    <TD STYLE="text-align: center; width: 8%">-</TD>
    <TD STYLE="text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 8%">12,094,420</TD>
    <TD STYLE="text-align: center; width: 5%">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right; width: 8%">12,094,420</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Argentine Treasury Bond in pesos, 22% fixed rate. Maturity May 2022</TD>
    <TD STYLE="vertical-align: middle; text-align: center">5496</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">43,956,008</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: middle; text-align: left">Subtotal Government Securities - In pesos</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">44,527,097</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">44,527,097</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">43,956,008</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">44,527,097</TD>
    <TD STYLE="color: #072146; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">44,527,097</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: left">TOTAL DEBT SECURITIES AT AMORTIZED COST</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">44,527,097</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">44,527,097</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">43,956,008</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">44,527,097</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">44,527,097</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL OTHER DEBT SECURITIES</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;645,042,791</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;645,042,791</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;360,348,729</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;645,042,791</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;27,153</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;645,069,944</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">EQUITY INSTRUMENTS</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Local:</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Private Securities - In pesos</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">BYMA - Bolsas y Mercados Argentina Share</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;559,360</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;559,360</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;506,462</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;559,360</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;559,360</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Banco de Valores de Bs. As. Share</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;318,519</TD>
    <TD STYLE="text-align: center">1</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;318,519</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;242,151</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;318,519</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;318,519</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Prisma Medios de Pago S.A. (1)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: center">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;3,500,391</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: middle; text-align: left">Subtotal Private Securities - In pesos</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;877,879</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;877,879</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;4,249,004</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;877,879</TD>
    <TD STYLE="color: #072146; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;877,879</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: left">TOTAL EQUITY INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;877,879</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;877,879</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;4,249,004</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;877,879</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;877,879</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">MEASURED AT FAIR VALUE THROUGH OCI</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Local:</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Private Securities - In pesos</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Other</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;217</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;217</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;466</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;217</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;217</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; vertical-align: middle; text-align: left">Subtotal Private Securities - In pesos</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;217</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;217</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;466</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;217</TD>
    <TD STYLE="color: #072146; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;217</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Foreign:</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">Private Securities - In foreign currency</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">60,251</TD>
    <TD STYLE="text-align: center">2</TD>
    <TD STYLE="text-align: right">&nbsp;60,251</TD>
    <TD STYLE="text-align: right">&nbsp;69,822</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;60,251</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;60,251</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: middle; text-align: left">Subtotal Private Securities - In foreign currency</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">60,251</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;60,251</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;69,822</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;60,251</TD>
    <TD STYLE="color: #072146; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; border-top: #072146 0.5pt solid; border-bottom: #072146 0.5pt solid; text-align: right">&nbsp;60,251</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: left">TOTAL EQUITY INSTRUMENTS AT FAIR VALUE THROUGH OCI</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">60,468</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;60,468</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;70,288</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;60,468</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;60,468</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL EQUITY INSTRUMENTS</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;938,347</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;938,347</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;4,319,292</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;938,347</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: #072146 0.5pt solid; border-bottom: #072146 2pt double; text-align: right">&nbsp;&nbsp;938,347</TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Palatino,serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 51%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 17%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 19%">EXHIBIT B</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING TO FINANCIAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">PERFORMANCE AND GUARANTEES RECEIVED</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: right">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">COMMERCIAL PORTFOLIO</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Normal performance</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;245,960,697</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;214,614,621</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,809,915</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;10,419,438</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,069,672</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,206,270</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;242,081,110</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;202,988,913</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">With special follow-up</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;767,843</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2">Under negotiation or refinancing agreements</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;767,843</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;129,163</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;638,680</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Troubled</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">1,099,963</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: right">1,027,107</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,099,963</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,027,107</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">With high risk of insolvency</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;142,407</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;291,757</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;142,407</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;291,757</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Uncollectible</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;27,351</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: right">3,377,533</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;312,035</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;27,351</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,065,498</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;247,998,261</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;219,311,018</TD></TR>
  </TABLE>

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    <!-- Field: /Page -->

<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: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 51%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 17%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left; width: 19%">EXHIBIT B</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">(Continued)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING TO FINANCIAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">PERFORMANCE AND GUARANTEES RECEIVED</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #072146; font-weight: bold; text-align: center">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">CONSUMER AND HOUSING PORTFOLIO</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Normal performance</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;463,623,404</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;507,510,532</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;165,597</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;213,801</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;38,572,614</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;51,367,369</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;424,885,193</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;455,929,362</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Low risk</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">5,648,840</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">4,750,768</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;369,875</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;317,579</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,278,965</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,433,185</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Low risk - with special follow-up</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;185,401</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;328,530</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;185,401</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;328,530</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Medium risk</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">3,879,150</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">3,930,510</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;51</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;83,781</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;170,902</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,795,318</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,759,608</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">High risk</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">2,717,678</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">4,678,724</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;78</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;138,700</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;167,627</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,578,978</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,511,019</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">Uncollectible</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;387,885</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;650,167</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;A&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,302</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,004</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>Preferred collaterals and counter-guarantees &quot;B&quot;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;70,754</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;100,122</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>No preferred collaterals and counter-guarantees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;312,829</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;545,041</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;476,442,358</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;521,849,231</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; 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="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">GRAND TOTAL</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;724,440,619</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;741,160,249</TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 30%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 18%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 11%">EXHIBIT C</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="color: #072146; font-weight: bold; text-align: center">CONCENTRATION OF LOANS AND OTHER FINANCING</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 3, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">% over</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">% over</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Number of customers</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Debt</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">total</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Debt</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">total</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">balance</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">portfolio</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">balance</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">portfolio</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">10 largest customers</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;61,158,718</TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: right">8.44%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;64,015,803</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8.64%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">50 following largest customers</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;86,903,351</TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: right">12.00%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;78,559,917</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">10.60%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">100 following largest customers</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;48,401,276</TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: right">6.68%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;43,238,731</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5.83%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">All other customers</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;527,977,274</TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: right">72.88%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;555,345,798</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">74.93%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;724,440,619</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">100.00%</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;741,160,249</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">100.00%</TD></TR>
  </TABLE>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 6pt">&nbsp;&nbsp;</P>


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    <!-- Field: /Page -->

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR>
    <TD STYLE="color: #072146; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 22%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 10%">EXHIBIT D</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">BREAKDOWN BY TERM OF LOANS AND OTHER FINANCING</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">AS OF DECEMBER 31, 2022</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements) (1)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center">Terms remaining to maturity</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Portfolio</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">1</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">6</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">12</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">24</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">more than</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">ITEM</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">due</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">month</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">24</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;TOTAL&nbsp;</TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid">
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD>Non-financial government sector</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,399</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,399</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD>BCRA</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9,034</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9,034</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Financial sector</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,042,901</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;5,140,657</TD>
    <TD STYLE="text-align: right">&nbsp;2,441,849</TD>
    <TD STYLE="text-align: right">1,834,377</TD>
    <TD STYLE="text-align: right">6,228,373</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,812,924</TD>
    <TD STYLE="text-align: right">&nbsp;24,501,081</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>Non-financial private sector and</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">residents abroad</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;6,564,490</TD>
    <TD STYLE="vertical-align: middle; text-align: right">361,346,309</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;93,288,065</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;77,898,513</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;66,574,212</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;67,478,240</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;133,405,844</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">806,555,673</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;TOTAL&nbsp;&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;6,564,490</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">368,399,643</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;98,428,722</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;80,340,362</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;68,408,589</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;73,706,613</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;135,218,768</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">831,067,187</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">(1) These balances are total contractual 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; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">BREAKDOWN BY TERM OF LOANS AND OTHER FINANCING</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements) (1)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center">Terms remaining to maturity</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">Portfolio</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">1</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">6</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">12</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">24</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">more than</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">ITEM</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">due</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">month</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">24</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;TOTAL&nbsp;</TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid">
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Non-financial government sector</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,441</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="color: #072146; text-align: right">1,441</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>Financial sector</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,062,787</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;7,119,542</TD>
    <TD STYLE="text-align: right">&nbsp;3,332,610</TD>
    <TD STYLE="text-align: right">6,323,076</TD>
    <TD STYLE="text-align: right">3,125,210</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,898,719</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;30,861,944</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>Non-financial private sector and</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>residents abroad</TD>
    <TD STYLE="text-align: right">11,818,440</TD>
    <TD STYLE="text-align: right">350,022,699</TD>
    <TD STYLE="text-align: right">&nbsp;85,744,913</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;78,143,814</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;77,664,823</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;63,959,940</TD>
    <TD STYLE="text-align: right">&nbsp;115,951,160</TD>
    <TD STYLE="color: #072146; text-align: right">783,305,789</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left; width: 22%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 8%">11,818,440</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 10%">356,086,927</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 10%">&nbsp;92,864,455</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 9%">&nbsp;&nbsp;81,476,424</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 9%">&nbsp;&nbsp;83,987,899</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 9%">&nbsp;&nbsp;67,085,150</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 12%">&nbsp;120,849,879</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 10%">814,169,174</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">(1) These balances are total contractual 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; text-align: center"></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">EXHIBIT E</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #072146; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">BREAKDOWN OF INVESTMENTS
    IN OTHER COMPANIES</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #072146; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">AS OF DECEMBER 31, 2022
    AND 2021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;(stated in thpusand of pesos constant
    currenct - Note 2.1.5. to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">(Translation of Financial statements originally
    issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Issuer information</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Item</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Shares</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Data of latest financial statements</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Identification</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Description</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Face</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Votes</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Principal</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Fiscal</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Capital</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Equity</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Income/(loss)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Class</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">value</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">per</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Number</FONT></TD>
    <TD COLSPAN="3" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Amount</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">business</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">period/year</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">for the</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">per unit</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">share</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">12.31.22</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">12.31.21</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">end date</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">period/year</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline"><FONT STYLE="font-size: 7pt">IN FINANCIAL INSTITUTIONS</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline"><FONT STYLE="font-size: 7pt">Subsidiaries</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">Local:</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">30682419578</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Volkswagen Financial Services C&iacute;a. Financiera S.A.</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Common&rsquo;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">1$</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">457,470,000</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;3,449,976</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;4,081,680</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Financing</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12.31.2022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">897,000</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">6,764,661</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(1,257,405)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center; width: 6%"><FONT STYLE="font-size: 7pt">30707847367</FONT></TD>
    <TD STYLE="text-align: left; width: 22%"><FONT STYLE="font-size: 7pt">PSA Finance Arg. C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%"><FONT STYLE="font-size: 7pt">Common</FONT></TD>
    <TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-size: 7pt">1000$</FONT></TD>
    <TD STYLE="text-align: center; width: 2%"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 7pt">26,089</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;2,076,720</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 7pt">&nbsp;2,291,495</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 16%"><FONT STYLE="font-size: 7pt">Financing</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 7pt">12.31.2022</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 7pt">52,178</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 7pt">4,153,441</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;(486,958)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">Subtotal Subsidiaries</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;5,526,696</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;6,373,175</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline"><FONT STYLE="font-size: 7pt">Associates and Joint Ventures</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">Local:</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">33707124909</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Rombo C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Common</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">1000$</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">24,000</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;744,208</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,539,529</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Financing</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12.31.2022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">60,000</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,860,520</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(1,919,588)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">Subtotal Associates and
    Joint Ventures</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;744,208</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,539,529</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">Total in Financial Institutions</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;6,270,904</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;7,912,704</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline"><FONT STYLE="font-size: 7pt">IN SUPPLEMENTARY SERVICE COMPANIES</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline"><FONT STYLE="font-size: 7pt">Subsidiaries</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">Local:</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">30663323926</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Consolidar Administradora de&nbsp;&nbsp;Fondos de Jubilaciones&nbsp;&nbsp;y
    Pensiones S.A.(under liquidation proceedings)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Common</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">1$</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">83,926,233</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">13,858</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">38,412</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Brokerage Retirement and Pension Funds</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12.31.2022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">115,739</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">25,715</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(14,077)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">30548590163</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">BBVA Asset Management Argentina S.A. Sociedad Gerente de Fondos Comunes
    de Inversi&oacute;n&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Common</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">1$</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">242,524</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;3,699,338</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;3,441,080</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Mutual Fund Manager</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12.31.2022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">243</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,699,338</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;2,796,645</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">Subtotal Subsidiaries</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;3,713,196</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;3,479,492</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline"><FONT STYLE="font-size: 7pt">Associates and Joint Ventures</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">Local:</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">30690783521</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Interbanking S.A</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Common</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">1$</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">149,556</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;823,993</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;623,016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Electronic and IT services for financial markets</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12.31.2022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,346</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,589,750</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;4,252,359</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;823,993</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;623,016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">Total in Supplementary Services
    Companies</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;4,537,189</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;4,102,508</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline"><FONT STYLE="font-size: 7pt">IN OTHER COMPANIES</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-decoration: underline"><FONT STYLE="font-size: 7pt">Associates and Joint Ventures</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">Local:</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">30500064230</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">BBVA Seguros Argentina S.A.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Common</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">1$</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,301,847</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;1,197,152</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,325,212</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Insurance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12.31.2022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">10,652</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,759,151</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">319,921</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">30716829436</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Play Digital S.A.</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Common</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">1$</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">231,276,030</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;486,571</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;222,162</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Electronic Payment Services</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">09.30.2022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,152,921</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,544,342</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(3,372,742)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">30717168190</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Openpay Argentina S.A.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Common</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">1$</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">144,883,320</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;215,501</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;285,733</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">Electronic Payment Services</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12.31.2022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,158,140</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,717,658</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(575,662)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">Subtotal Associated and
    Joint Ventures</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;1,899,224</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,833,107</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">Total in other Companies</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;1,899,224</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,833,107</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">TOTAL INVESTMENTS</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">IN OTHER COMPANIES</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">12,707,317</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;13,848,319</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 6pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 6pt; text-align: center"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->191<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt BBVABentonSans; margin: 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="24" STYLE="color: #072146; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">EXHIBIT F</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; width: 23%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="24" STYLE="color: #072146; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">PROPERY AND EQUIPMENT</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="24" STYLE="color: #072146; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">FOR THE FISCAL YEAR ENDED
    DECEMBER 31, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="24" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;(stated in thousands of pesos constant
    currency - Note 2.1.5.to the consolidated financia statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="24" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">(Translation of Financial statements originally
    issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">Impairment</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="9" ROWSPAN="2" STYLE="color: #072146; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">Depreciation</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">Original&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">ITEM</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Value</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">estimated</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Transfer</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Residual value</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">at the beginning</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">useful life</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Additions</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Derecognition</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Loss</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Accumulated&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">Transfer</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Derecognition</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">For the year</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">At year-end</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">as of 12.31.22</FONT></TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid; vertical-align: bottom">
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">of the year</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">in years</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">as of 12.31.21</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; font-weight: bold"><FONT STYLE="font-size: 7pt">Property and equipment</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">Real estate</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">80,690,323</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">50</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(3,602,455)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,262,639</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">218,813</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">703,761</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,281,040</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(273,672)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">218,814</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,828,818</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,617,372</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">70,810,561</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">Furniture and facilities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">24,590,837</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,697,203</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">731,611</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">10,993,499</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">731,611</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,560,497</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12,822,385</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12,734,044</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">Machinery and equipment</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">10,007,468</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,858,809</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,069,861</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,940,453</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,069,863</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,811,908</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,682,498</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,113,918</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">Vehicles</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">494,566</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">145,787</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">11,604</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">333,626</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">11,604</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">64,153</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">386,175</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">242,574</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">Right of use of leased property</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12,782,185</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,747,180</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">787,550</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">6,095,711</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">181,254</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,979,261</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">7,893,718</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,848,097</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-size: 7pt">Construction in progress</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,185,255</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,084,893</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,270,148</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left"><FONT STYLE="font-size: 7pt">Total
    Property and Equipment</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">130,750,634</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(3,602,455)</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">10,796,511</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">6,819,439</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">703,761</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">31,644,329</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(273,672)</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">6,213,146</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">9,244,637</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">34,402,148</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">96,019,342</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt BBVABentonSans; margin: 0 0 6pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #072146; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">INVESTMENT PROPERTY</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #072146; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">FOR THE FISCAL YEAR ENDED
    DECEMBER 31, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;(stated in thousands of pesos constant
    currency - Note 2.1.5. to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">(Translation of Financial statements originally
    issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; width: 24%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid; vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="5" STYLE="color: #072146; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">ITEM</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #072146; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">Depreciation</FONT></TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Original&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Value</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">estimated</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Transfer</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Residual value</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">at the beginning</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">useful life</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Additions</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Accumulated</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Transfer</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">For the year</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">At year-end</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">as of 12.31.22</FONT></TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid; vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">of the year</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">in years</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">as of 12.31.21</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">Leased property</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">5,493,993</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">50</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">3,602,455</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">11,257,430</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">426,558</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">273,672</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">293,151</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">993,381</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">19,360,497</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">Other investment property</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">446,411</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">10</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">59,724</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">9,664</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">69,388</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">377,023</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left"><FONT STYLE="font-size: 7pt">Total
    investment property</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">5,940,404</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">3,602,455</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">11,257,430</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">486,282</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">273,672</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">302,815</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1,062,769</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">19,737,520</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"></P>


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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 29%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">EXHIBIT G</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="color: #072146; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">INTANGIBLE ASSETS</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="color: #072146; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">FOR THE FISCAL YEAR ENDED
    DECEMBER 31, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;(stated in thousands of pesos constant
    currency - Note 2.1.5. to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">(Translation of Financial statements originally
    issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="19" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid; vertical-align: bottom">
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="5" STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">ITEM</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Amortization</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Original</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">value at the</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">estimated</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Residual value</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">beginning</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">useful life</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Additions</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Derecognitions</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Accumulated</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">Derecognitions</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">For the year</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">At yerar-end</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">as of 12.31.22</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">of the year</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">in years</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">as of 12.31.21</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">Licenses - Software</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">8,137,897</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">5</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">5,533,356</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">2,636,144</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">1,033,742</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">174,430</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">625,324</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">1,484,636</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">9,550,473</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Total
    Intangible Assets</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">8,137,897</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">5,533,356</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">2,636,144</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">1,033,742</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">174,430</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">625,324</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">1,484,636</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">9,550,473</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 37%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 17%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 11%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">EXHIBIT H</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">DEPOSITS CONCENTRATION</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">12.31.21</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">% over</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">% over</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">Number of customers</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Debt</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">total</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Debt</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">total</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">balance</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">portfolio</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">balance</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">portfolio</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">10 largest customers</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;123,103,992</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">9.41%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;147,859,331</TD>
    <TD STYLE="vertical-align: middle; text-align: right">10.73%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">50 following largest customers</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;146,884,732</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">11.23%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;151,602,717</TD>
    <TD STYLE="vertical-align: middle; text-align: right">11.01%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">100 following largest customers</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;54,389,998</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">4.16%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">66,893,598</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4.86%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">All other customers</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;983,689,657</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">75.20%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;1,011,188,647</TD>
    <TD STYLE="vertical-align: middle; text-align: right">73.40%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL&nbsp;&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: right">&nbsp;1,308,068,379</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: right">100.00%</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: right">&nbsp;1,377,544,293</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: right">100.00%</TD>
    </TR>
  </TABLE>

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


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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: 10pt BBVABentonSans">
  <TR>
    <TD STYLE="color: #072146; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 36%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center; width: 11%">EXHIBIT I</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; font-weight: bold; text-align: center">BREAKDOWN OF FINANCIAL LIABILITIES BY REMAINING TERMS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5. to the consolidated financial stetements) (1)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center">Terms remaining to maturity</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">1</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">6</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">12</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">24</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">more than</TD>
    <TD STYLE="color: #072146; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">ITEMS</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">month</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">24 months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid; vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">Deposits</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;1,126,820,881</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;103,175,469</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">103,572,824</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">1,287,011</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;77,673</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">1,334,933,858</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Non-financial government sector</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;9,602,123</TD>
    <TD STYLE="text-align: right">&nbsp;134,977</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;9,737,100</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; vertical-align: middle; text-align: left">Financial sector</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;608,498</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">608,498</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;1,116,610,260</TD>
    <TD STYLE="text-align: right">&nbsp;103,040,492</TD>
    <TD STYLE="text-align: right">103,572,824</TD>
    <TD STYLE="text-align: right">1,287,011</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;77,673</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,324,588,260</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">Derivative instruments</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;334,340</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">334,340</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">Other financial liabilities</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;116,875,063</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;279,657</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;372,001</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;593,608</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">1,043,487</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;4,869,365</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">124,033,181</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;2,573,570</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;245,063</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;219,611</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;3,038,244</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;TOTAL&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;1,246,603,854</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;103,700,189</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">104,164,436</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,880,619</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,121,160</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;4,869,365</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,462,339,623</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom">(1) These balances are total contractual cash flows and, therefore, include principal, accrued and to be accrued interest and charges.</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 21.3pt; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; font-weight: bold; text-align: center">BREAKDOWN OF FINANCIAL LIABILITIES BY REMAINING TERMS</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5. to the consolidated financial stetements) (1)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center">Terms remaining to maturity</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">1</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">3</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">6</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">12</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">24</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">more than</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid">
    <TD STYLE="color: #072146; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">ITEMS</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">month</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">24 months</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">Deposits</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;1,230,909,655</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">67,845,663</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">105,614,557</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;883,562</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;48,235</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;879</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">1,405,302,551</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; vertical-align: middle; text-align: left">Non-financial government sector</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">25,902,807</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;107,984</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;26,010,791</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; vertical-align: middle; text-align: left">Financial sector</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;737,083</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">737,083</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left; width: 36%">Non-financial private sector and residents abroad</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;&nbsp;1,204,269,765</TD>
    <TD STYLE="text-align: right; width: 9%">67,737,679</TD>
    <TD STYLE="text-align: right; width: 10%">105,614,557</TD>
    <TD STYLE="text-align: right; width: 8%">&nbsp;&nbsp;883,562</TD>
    <TD STYLE="text-align: right; width: 7%">&nbsp;&nbsp;48,235</TD>
    <TD STYLE="text-align: right; width: 8%">&nbsp;&nbsp;879</TD>
    <TD STYLE="text-align: right; width: 11%">1,378,554,677</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">Derivative instruments</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;612,069</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">612,069</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">Other financial liabilities</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;117,918,574</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;466,064</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;629,425</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">1,134,343</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">1,670,390</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;6,728,440</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">128,547,236</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;3,178,649</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;3,178,649</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;TOTAL&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;1,352,618,947</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">68,311,727</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">106,243,982</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">2,017,905</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,718,625</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;6,729,319</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,537,640,505</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="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>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 21.3pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 21.3pt; text-align: center"></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 8pt BBVABentonSans; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 47%">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; width: 9%">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 5pt; color: #072146; width: 6%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 3%">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 9%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; width: 8%">EXHIBIT J</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="12" STYLE="color: #072146; font-weight: bold; text-align: center">PROVISIONS</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="12" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="12" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="12" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">Decreases</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Accounts</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; text-align: center">Balances</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="color: #072146; font-weight: bold; text-align: center">Monetary gain (loss) generated by provisions</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Balances</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; text-align: center">at the beginning</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; text-align: center">Increases</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; text-align: center">Reversals</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Uses</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">as of 12.31.22</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; text-align: center">of the year</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">INCLUDED IN LIABILITIES</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Provisions for contingent commitments</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;1,662,857</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;2,044,813</TD>
    <TD STYLE="text-align: center">(1)(4)</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,013,472)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,694,198</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- For administrative, disciplinary and criminal penalties</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;&nbsp;9,740</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(4,740)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;5,000</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Provisions for reorganization</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;2,616,915</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;2,373,713</TD>
    <TD STYLE="text-align: center">(3)</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;227,853</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,703,183</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,059,592)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Provisions for termination plans</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;512,723</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;224,244</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(282,950)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">454,017</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Other</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;5,960,856</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;3,742,422</TD>
    <TD STYLE="text-align: center">(2)</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">839,853</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(3,491,132)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,372,293</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">TOTAL PROVISIONS</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">10,763,091</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 5pt; color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;8,385,192</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;227,853</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,543,036</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(5,851,886)</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">8,525,508</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
</TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD>(1)</TD>
    <TD  STYLE="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>(2)</TD>
    <TD  STYLE="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 STYLE="vertical-align: middle">
    <TD>(3)</TD>
    <TD  STYLE="text-align: left">See Note 23 to the Consolidated Financial Statements</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>(4)</TD>
    <TD COLSPAN="9" STYLE="text-align: left">It includes an increase of 2,664 for exchange differences in foreign currency for contingent commitments.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 41%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; width: 9%">EXHIBIT J</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="12" STYLE="color: #072146; font-weight: bold; text-align: center">PROVISIONS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="12" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="12" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="12" STYLE="border-bottom: Black 1pt solid; color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">Decreases</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Accounts</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Balances</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="color: #072146; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Monetary gain (loss) generated by provisions</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Balances</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">at the beginning</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Increases</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Reversals</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Uses</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">as of 12.31.21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">of the year</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">INCLUDED IN LIABILITIES</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Provisions for contingent commitments</TD>
    <TD STYLE="text-align: right">&nbsp;4,012,231</TD>
    <TD STYLE="text-align: right">&nbsp;1,382,454</TD>
    <TD STYLE="text-align: center">(1)(5)</TD>
    <TD STYLE="text-align: right">&nbsp;2,344,672</TD>
    <TD STYLE="text-align: center">(1)</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,387,156)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,662,857</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- For administrative, disciplinary and criminal penalties</TD>
    <TD STYLE="text-align: right">14,701</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(4,961)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;9,740</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Provisions for reorganization</TD>
    <TD STYLE="text-align: right">&nbsp;5,966,220</TD>
    <TD STYLE="text-align: right">&nbsp;4,411,298</TD>
    <TD STYLE="text-align: center">(4)</TD>
    <TD STYLE="text-align: right">&nbsp;576,486</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,648,848</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(1,535,269)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,616,915</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Provisions for termination plans</TD>
    <TD STYLE="text-align: right">&nbsp;417,356</TD>
    <TD STYLE="text-align: right">&nbsp;252,580</TD>
    <TD STYLE="text-align: center">(2)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(157,213)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">512,723</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Other</TD>
    <TD STYLE="text-align: right">23,155,679</TD>
    <TD STYLE="text-align: right">&nbsp;2,747,874</TD>
    <TD STYLE="text-align: center">(3)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;13,084,114</TD>
    <TD STYLE="text-align: center">(6)</TD>
    <TD STYLE="text-align: right">1,196,049</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(5,662,534)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,960,856</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">TOTAL PROVISIONS</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">33,566,187</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;8,794,206</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;16,005,272</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">6,844,897</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(8,747,133)</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;10,763,091</TD></TR>
  </TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD>(1)</TD>
    <TD  STYLE="text-align: left">Set up in compliance with the provisions of Comunication &quot;A&quot; 6868 and supplementary regulations of the BCRA.&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>(2)</TD>
    <TD  STYLE="text-align: left">Set up to cover private healthcare services.</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">(3)</TD>
    <TD  STYLE="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>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>(4)</TD>
    <TD  STYLE="text-align: left">See Note 23 to the Consolidated Financial Statements</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>(5)</TD>
    <TD  STYLE="text-align: left">It includes an increase of 28,268 for exchange differences in foreign currency for contingent commitments.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>(6)</TD>
    <TD  STYLE="text-align: left">It includes 13,084,114 as tax provision reversals (see Note11.c) to the consolidated financial statements) recorded under Income Tax.</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt; text-align: center"></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt 7.1pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="10" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>EXHIBIT K</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 24%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>CAPITAL STRUCTURE</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="10" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">&nbsp;(stated in thousands of pesos constant currency- Note 2.1.5. to the consolidated financial statements)</FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SHARES</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>SHARE CAPITAL</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Issued</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Class</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Number</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Face</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Votes</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Outstanding</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Treasury</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Paid-in</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>Value</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>per</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>per share</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt; color: #072146"><B>share</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">COMMON</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710,079</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">612,710</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">(1)</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="white-space: nowrap; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">&nbsp;(1) Registered with the Public Register of Commerce.</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  </TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #004481; width: 44%">&nbsp;</TD>
    <TD STYLE="color: #004481; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #004481; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right; width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: right">EXHIBIT&nbsp;&nbsp;L</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">BALANCES IN FOREIGN CURRENCY</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5. to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">ACCOUNTS</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL</TD>
    <TD COLSPAN="4" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF 12.31.22&nbsp;(per currency)</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">AS OF</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">AS OF</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">ASSETS</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Dollar</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Euro</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Real</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Other</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;248,413,103</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;241,650,711</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;6,289,801</TD>
    <TD STYLE="color: #004481; text-align: right">34,874</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;437,717</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;291,819,728</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; text-align: left">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;3,520,000</TD>
    <TD STYLE="color: #004481; text-align: right">3,520,000</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; text-align: left">Other financial assets</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;8,451,050</TD>
    <TD STYLE="color: #004481; text-align: right">8,446,480</TD>
    <TD STYLE="color: #004481; text-align: right">4,570</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;5,616,670</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; text-align: left">Loans and other financing</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">38,533,754</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;38,396,582</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;137,172</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">37,076,763</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 18px; text-align: left">Non-financial government sector</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47</TD>
    <TD STYLE="text-align: right">&nbsp;47</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;25</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 18px; text-align: left">Other financial institutions</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;651</TD>
    <TD STYLE="text-align: right">651</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;327,917</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 18px; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">38,533,056</TD>
    <TD STYLE="text-align: right">&nbsp;38,395,884</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;137,172</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">36,748,821</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; text-align: left">Other debt securities</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;5,466,376</TD>
    <TD STYLE="color: #004481; text-align: right">5,466,376</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;4,185,661</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; text-align: left">Financial assets pledged as collateral</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">10,771,263</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;10,771,263</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">10,955,980</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; text-align: left">Investments in Equity Instruments</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">60,251</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;60,251</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;69,822</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL ASSETS</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;315,215,797</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;308,311,663</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;6,431,543</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">34,874</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;437,717</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;349,724,624</TD></TR>
  </TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: left; width: 44%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL</TD>
    <TD COLSPAN="4" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF 12.31.22&nbsp;(per currency)</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">AS OF</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">AS OF</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">LIABILITIES</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Dollar</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Euro</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Real</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Other</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #004481; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; text-align: left">Deposits</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;286,085,755</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;281,291,500</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;4,794,255</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;323,896,886</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 18px; text-align: left">Non-financial government sector</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;6,429,453</TD>
    <TD STYLE="text-align: right">6,401,954</TD>
    <TD STYLE="text-align: right">&nbsp;27,499</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;6,257,327</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 18px; text-align: left">Financial sector</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">86,240</TD>
    <TD STYLE="text-align: right">&nbsp;84,772</TD>
    <TD STYLE="text-align: right">1,468</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;68,008</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 18px; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;279,570,062</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;274,804,774</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;4,765,288</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;317,571,551</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; text-align: left">Other financial liabilities</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">21,896,248</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;20,919,414</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;855,481</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;121,353</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">20,014,128</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #004481; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;1,109,729</TD>
    <TD STYLE="color: #004481; text-align: right">1,023,014</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;86,715</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;991,012</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; text-align: left">Other non-financial liabilities</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">11,265,535</TD>
    <TD STYLE="color: #004481; text-align: right">5,706,272</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;5,559,263</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">-</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;&nbsp;8,035,342</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; 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="color: #072146; font-weight: bold; text-align: center">TOTAL LIABILITIES</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;320,357,267</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;308,940,200</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;11,295,714</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">-</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;121,353</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;352,937,368</TD></TR>
  </TABLE>

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

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


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->199<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">EXHIBIT N</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">FINANCIAL ASSISTANCE TO RELATED PARTIES</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022 AND 2021</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; text-align: center">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5 to the consolidated financial statements)</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">Situation</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">Item&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">Normal</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: center">TOTAL</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: right">12.31.22</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #072146; font-weight: bold; text-align: right">12.31.21</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">1. Loans and other financing</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;15,787,236</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;15,787,236</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;17,988,642</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2">&nbsp;- Overdrafts</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;25,395</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;25,395</TD>
    <TD STYLE="text-align: right">4,950</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2">&nbsp;&nbsp;With preferred guarantees and counter guarantees &quot;A&quot;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;14,204</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;14,204</TD>
    <TD STYLE="text-align: right">&nbsp;-</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2">&nbsp;&nbsp;No preferred guarantees or counter guarantees</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;11,191</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;11,191</TD>
    <TD STYLE="text-align: right">4,950</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2">&nbsp;- Mortgage and pledge loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;23,648</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;23,648</TD>
    <TD STYLE="text-align: right">216</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2">&nbsp;&nbsp;With preferred guarantees and counter guarantees &quot;B&quot;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;23,648</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;23,648</TD>
    <TD STYLE="text-align: right">216</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2">&nbsp;- Consumer loans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;11,023</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;11,023</TD>
    <TD STYLE="text-align: right">6,058</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2">&nbsp;&nbsp;No preferred guarantees or counter guarantees</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;11,023</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;11,023</TD>
    <TD STYLE="text-align: right">6,058</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2">&nbsp;- Credit cards</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;72,113</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;72,113</TD>
    <TD STYLE="text-align: right">&nbsp;82,255</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2">&nbsp;&nbsp;No preferred guarantees or counter guarantees</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;72,113</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;72,113</TD>
    <TD STYLE="text-align: right">&nbsp;82,255</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="2">&nbsp;- Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;15,655,057</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;15,655,057</TD>
    <TD STYLE="text-align: right">&nbsp;17,895,163</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2">&nbsp;&nbsp;No preferred guarantees or counter guarantees</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;15,655,057</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;15,655,057</TD>
    <TD STYLE="text-align: right">&nbsp;17,895,163</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">2. Debt securities</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">1,519</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold">4. Contingent commitments</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;290,228</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;290,228</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">2,651,132</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle">TOTAL&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">&nbsp;16,077,464</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">&nbsp;16,077,464</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">&nbsp;20,641,293</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="color: #072146; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle">ALLOWANCES</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;119,627</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;119,627</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;179,901</TD>
    </TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 6pt"></P>


<!-- Field: Page; Sequence: 201 -->
    <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="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->200<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="17" STYLE="color: #072146; font-size: 12pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">EXHIBIT
    O</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; font-size: 12pt; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: center; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: center; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: center; width: 21%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-size: 12pt; text-align: right; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="color: #072146; font-size: 12pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">DERIVATIVES</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="color: #072146; font-size: 12pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">AS
    OF DECEMBER 31, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="color: #072146; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt">(stated in thousands of
    pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-bottom: Black 1pt solid; color: #072146; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt">(Translation of Financial
    statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Type of Contract</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Purpose of
    the Transactions</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Underlying
    Assets</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Type of Settlement</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Scope of Negotiation or</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Counterparty</FONT></P></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Weighted
    Average Term Originally Agreed</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Residual
    Weighted Average Term</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Weighted
    Average Term of Differences Settlement</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Amount</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">SWAPS</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Other&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Upon maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;OTC - Residents in the country - Financial Sector&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;12</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;31</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,500,000</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">REPO TRANSACTIONS</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Other&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Upon maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;OTC - Residents in the country - Financial
    Sector&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;58,592,720</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Foreign currency&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Daily differences&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;ROFEX&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;317,939,122</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Foreign currency&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Upon maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;OTC - Residents abroad&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;57</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">1,932,874</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Foreign currency&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Upon maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;OTC - Residents in the country - Non-financial
    Sector&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;67</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;150,567,488</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">OPTIONS</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Other&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Upon maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;OTC - Residents abroad&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">263</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">4,734,182</FONT></TD></TR>
  </TABLE>

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="color: #072146; font-size: 12pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">DERIVATIVES</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="color: #072146; font-size: 12pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">AS
    OF DECEMBER 31, 2021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="color: #072146; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt">(stated in thousands of
    pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-bottom: Black 1pt solid; color: #072146; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt">(Translation of Financial
    statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 21%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 9%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Type of Contract</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Purpose of
    the Transactions</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Underlying
    Assets</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Type of Settlement</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Scope of
    Negotiation or Counterparty</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Weighted
    Average Term Originally Agreed</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Residual
    Weighted Average Term</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Weighted
    Average Term of Differences Settlement</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">Amount</FONT></TD></TR>
  <TR STYLE="border-bottom: Black 1pt solid; vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
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    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">SWAPS</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Other&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Upon maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;OTC - Residents in the country - Financial Sector&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;11</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;19</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">350,628</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">REPO TRANSACTIONS</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Other&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Upon maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;OTC - Residents in the country - Financial
    Sector&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;7</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;299,260,887</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Foreign currency&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Daily differences&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;ROFEX&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;258,534,619</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Financial transactions own account&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Foreign currency&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;Upon maturity of differences&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;OTC - Residents in the country - Non-financial
    Sector&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;94</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;244,835,379</FONT></TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: right">EXHIBIT P</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5.&nbsp;&nbsp;to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 28%">Accounts</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">Amortized Cost</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">FV through OCI</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">FV through profit or loss</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">Fair value hierarchy</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Statutory measurement</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 1</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 2</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; color: #072146; font-weight: bold; text-align: left">Financial assets</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 18px; text-align: left">Cash</TD>
    <TD STYLE="text-align: right">117,455,917</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 18px; text-align: left">Financial institutions and correspondents</TD>
    <TD STYLE="text-align: right">178,415,422</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 18px; text-align: left">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;25,519,962</TD>
    <TD STYLE="text-align: right">&nbsp;3,917,279</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;21,602,683</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 18px; text-align: left">Derivative instruments</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;2,268,201</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;2,268,201</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Repo transactions</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 18px; text-align: left">Argentine Central Bank (BCRA)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;52,564,802</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 18px; text-align: left">Other financial assets</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;28,385,031</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Loans and other financing</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Non-financial government sector</TD>
    <TD STYLE="text-align: right">&nbsp;1,399</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">BCRA</TD>
    <TD STYLE="text-align: right">&nbsp;9,034</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Other financial institutions</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;17,999,645</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="text-align: right">684,775,457</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Overdrafts</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;62,947,418</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Instruments</TD>
    <TD STYLE="text-align: right">117,688,860</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Mortgage loans</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;38,509,996</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Pledge loans</TD>
    <TD STYLE="text-align: right">&nbsp;8,796,138</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Consumer loans</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;71,109,615</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Credit cards</TD>
    <TD STYLE="text-align: right">274,537,256</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Finance leases</TD>
    <TD STYLE="text-align: right">&nbsp;5,563,679</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Other</TD>
    <TD STYLE="text-align: right">105,622,495</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Other debt securities</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;44,527,097</TD>
    <TD STYLE="text-align: right">600,515,694</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;52,601,929</TD>
    <TD STYLE="text-align: right">547,263,466</TD>
    <TD STYLE="text-align: right">&nbsp;650,299</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Financial assets pledged as collateral</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;29,493,073</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;16,699,438</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;16,187,316</TD>
    <TD STYLE="text-align: right">&nbsp;512,122</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Investments in equity instruments</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;60,468</TD>
    <TD STYLE="text-align: right">&nbsp;877,879</TD>
    <TD STYLE="text-align: right">&nbsp;877,879</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;60,468</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">TOTAL FINANCIAL ASSETS</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,153,626,877</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">617,275,600</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;28,666,042</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;73,584,403</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">571,706,940</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;650,299</TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

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

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


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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 28%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 12%">EXHIBIT P</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">(Continued)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2022</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5.&nbsp;&nbsp;to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Accounts</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Amortized Cost</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">FV through OCI</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">FV through profit or loss</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Fair value hierarchy</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Statutory measurement</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 1</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 2</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; color: #072146; font-weight: bold; text-align: left">Financial liabilities</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Deposits</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Non-financial government sector</TD>
    <TD STYLE="text-align: right">&nbsp;9,680,134</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Financial sector</TD>
    <TD STYLE="text-align: right">&nbsp;608,498</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Checking accounts</TD>
    <TD STYLE="text-align: right">253,478,640</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Savings accounts</TD>
    <TD STYLE="text-align: right">499,116,331</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Time deposits and investments</TD>
    <TD STYLE="text-align: right">534,605,058</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Other</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;10,579,718</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Derivative instruments</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;334,340</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;334,340</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Repo transactions</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Other financial liabilities</TD>
    <TD STYLE="text-align: right">116,709,627</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="text-align: right">&nbsp;3,037,598</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">TOTAL FINANCIAL LIABILITIES</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,427,815,604</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;334,340</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;334,340</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;-</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 28%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 12%">EXHIBIT P</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5.&nbsp;&nbsp;to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Accounts</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Amortized Cost</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">FV through OCI</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">FV through profit or loss</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Fair value hierarchy</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Statutory measurement</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 1</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 2</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; color: #072146; font-weight: bold; text-align: left">Financial assets</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Cash and deposits in banks</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 18px; text-align: left">Cash</TD>
    <TD STYLE="text-align: right">144,641,261</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 18px; text-align: left">Financial institutions and correspondents</TD>
    <TD STYLE="text-align: right">280,084,574</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 18px; text-align: left">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;2,721,113</TD>
    <TD STYLE="text-align: right">&nbsp;2,719,594</TD>
    <TD STYLE="text-align: right">&nbsp;1,519</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 18px; text-align: left">Derivative instruments</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;5,486,313</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;5,486,313</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Repo transactions</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 18px; text-align: left">Argentine Central Bank (BCRA)</TD>
    <TD STYLE="text-align: right">267,934,977</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 18px; text-align: left">Other financial assets</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;24,798,818</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Loans and other financing</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Non-financial government sector</TD>
    <TD STYLE="text-align: right">&nbsp;1,441</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Other financial institutions</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;24,086,229</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="text-align: right">704,217,341</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Overdrafts</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;43,883,358</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Instruments</TD>
    <TD STYLE="text-align: right">100,074,117</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Mortgage loans</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;44,624,959</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Pledge loans</TD>
    <TD STYLE="text-align: right">&nbsp;9,478,923</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Consumer loans</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;79,650,257</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Credit cards</TD>
    <TD STYLE="text-align: right">306,094,971</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Finance leases</TD>
    <TD STYLE="text-align: right">&nbsp;5,053,195</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Other</TD>
    <TD STYLE="text-align: right">115,357,561</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Other debt securities</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;43,956,008</TD>
    <TD STYLE="text-align: right">316,392,721</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;98,430,498</TD>
    <TD STYLE="text-align: right">215,933,999</TD>
    <TD STYLE="text-align: right">&nbsp;2,028,225</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Financial assets pledged as collateral</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;30,516,071</TD>
    <TD STYLE="text-align: right">&nbsp;8,988,656</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;8,988,656</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Investments in equity instruments</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;70,288</TD>
    <TD STYLE="text-align: right">&nbsp;4,249,004</TD>
    <TD STYLE="text-align: right">&nbsp;748,613</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;70,287</TD>
    <TD STYLE="text-align: right">&nbsp;3,500,391</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">TOTAL FINANCIAL ASSETS</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,520,236,720</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">325,451,665</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;12,456,430</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">110,887,361</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">221,492,118</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,528,616</TD></TR>
  </TABLE>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->204<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt BBVABentonSans; margin: 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; width: 28%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 12%">EXHIBIT P</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">(Continued)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">AS OF DECEMBER 31, 2021</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5.&nbsp;&nbsp;to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Accounts</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Amortized Cost</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">FV through OCI</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">FV through profit or loss</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Fair value hierarchy</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Statutory measurement</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 1</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 2</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Level 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; color: #072146; font-weight: bold; text-align: left">Financial liabilities</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Deposits</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Non-financial government sector</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;25,857,759</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Financial sector</TD>
    <TD STYLE="text-align: right">&nbsp;737,083</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Non-financial private sector and residents abroad</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Checking accounts</TD>
    <TD STYLE="text-align: right">331,981,163</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Savings accounts</TD>
    <TD STYLE="text-align: right">555,623,684</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Time deposits and investments</TD>
    <TD STYLE="text-align: right">450,692,104</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Other</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;12,652,500</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Derivative instruments</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;612,069</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;612,069</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-decoration: underline; text-align: left">Repo transactions</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-left: 9px; text-align: left">Other financial liabilities</TD>
    <TD STYLE="text-align: right">118,135,028</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9px; text-align: left">Financing received from the BCRA and other financial institutions</TD>
    <TD STYLE="text-align: right">&nbsp;3,177,150</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">TOTAL FINANCIAL LIABILITIES</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,498,856,471</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;612,069</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;-</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;612,069</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;&nbsp;-</TD></TR>
  </TABLE>

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


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 64%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>EXHIBIT Q</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>BREAKDOWN OF PROFIT OR LOSS</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5. to the consolidated financial statements)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Items</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Net Financial Income/(Expense)</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Statutory measurement</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Due to measurement of financial assets at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Income from government securities</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">10,679,557</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">5,290,090</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Income from private securities</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(7,402)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(2,032,687)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Income from financial derivative instruments</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Forward transactions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">1,492,046</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">6,309,957</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Interest rate swaps</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">101,095</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">94,492</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Put options</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(34,657)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(2,302,454)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Income from other financial assets</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">19,644</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">8,717</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Income from loans and other financing</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">To the financial sector</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">21</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Income from sale or write-off of financial assets at fair value</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">4,388,676</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Due to measurement of financial liabilities at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Income/(loss) from other financial assets</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(5,301)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>16,633,679</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>7,368,115</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 64%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 18%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 18%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Interest and adjustments due to application of effective interest rate of financial assets measured at amortized cost</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Financial Income/(Expense)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Interest income</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Cash and deposits in banks</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">514,415</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">1,735,828</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Government securities</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">14,226,852</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">9,332,224</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Loans and other financing</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">319,216,766</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">222,478,401</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;To the financial sector</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">8,010,605</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">7,168,723</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;To the non-financial private sector</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overdrafts</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">28,774,464</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">16,497,070</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Instruments</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">39,596,631</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">28,643,882</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">3,042,462</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">3,353,342</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledge loans</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">2,761,950</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">3,102,131</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer loans</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">32,075,984</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">28,325,500</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">62,619,226</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">49,780,744</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance leases</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">1,595,491</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">1,578,533</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">140,739,953</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">84,028,476</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Repo transactions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">31,858,523</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">73,245,986</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">31,796,314</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">73,013,417</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">62,209</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">232,569</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>365,816,556</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>306,792,439</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Interest expense</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Deposits</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(279,112,601)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(168,938,909)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checking accounts</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(39,664,114)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(26,886,481)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings accounts</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(1,604,249)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(1,016,781)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term deposits and investments</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(237,838,015)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(141,027,327)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(6,223)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(8,320)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Financing received from the BCRA and other financial institutions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(534,184)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(308,646)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Repo transactions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(26,871)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(5,515)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(26,871)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(5,515)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Other financial liabilities</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(258,174)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(811,872)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>(279,931,830)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>(170,064,942)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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


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

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


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<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 48%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>EXHIBIT Q</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146">(Continued)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>BREAKDOWN OF PROFIT OR LOSS</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>AS OF DECEMBER 31, 2022 AND 2021</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="5" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5. to the consolidated financial statements)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="5" STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146">(Translation of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Interest and adjustments due to application of effective interest rate of financial assets at fair value through OCI</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Income for the year</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>OCI</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Private debt securities</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">662,812</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">305,251</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">118,722</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">57,004</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Government debt securities</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">242,226,980</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">94,781,955</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(12,892,128)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">1,436,371</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>242,889,792</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>95,087,206</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>(12,773,406)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>1,493,375</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 72%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 15%">&nbsp;</TD>
    </TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Commission income</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Income for the year</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Linked to obligations</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">33,765,068</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">32,826,035</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Linked to loans</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">917,320</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">1,081,137</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Linked to loan commitments and financial guarantees</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">3,554</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">18,311</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Linked to securities</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">907,751</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">1,128,510</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Linked to cards</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">33,118,776</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">39,898,039</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Linked to insurance</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">3,521,043</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">3,840,993</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Linked to foreign trade and exchange transactions</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">3,521,768</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">4,008,489</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>75,755,280</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>82,801,514</B></FONT></TD>
    </TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 72%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; width: 15%">&nbsp;</TD>
    </TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Commission expenses</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>Income for the year</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.22</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>12.31.21</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Linked to transactions with securities</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(15,701)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(23,315)</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Linked to foreign trade and exchange transactions</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(985,471)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(993,322)</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 10pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">Other</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(33,435,424)</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt">(39,704,590)</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>(34,436,596)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 10pt; color: #072146"><B>(40,721,227)</B></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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


<P STYLE="font: 11pt BBVABentonSans; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 11pt BBVABentonSans; margin: 0">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 27%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 6%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>EXHIBIT
    R</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>&nbsp;</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>ADJUSTMENT
    TO IMPAIRMENT LOSS - ALLOWANCES FOR LOAN LOSSES</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>AS
    OF DECEMBER 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146">(stated
    in thousands of pesos in constant currency - Note 2.1.5 to the consolidated financial statements)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146">(Translation
    of Financial statements originally issued in Spanish - See Note 43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>ECL
    of remaining life of the financial asset</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>Balances</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>ECL
    for the</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>Monetary</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>Balances</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>as
    of 12.31.21</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>following</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>FI
    with significant</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>FI
    with credit</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>gain
    (loss)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>as
    of 12.31.22</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>12
    months</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>increase
    of</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>impairment</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>generated
    by</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>credit
    risk</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>allowances</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>Other
    financial assets</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;502,922
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;125,051
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>97,172
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;(308,669)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;416,476
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>Loans
    and other financing</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>26,205,243
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>3,707,136
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>2,927,662
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;972,592
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;(12,905,804)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>20,906,829
    </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;Other
    financial institutions</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;641,635
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;566,222
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;183,499
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;(2,690)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;(487,721)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;900,945
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;Non-financial
    private sector and residents abroad</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">25,563,608
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">3,140,914
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">2,744,163
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;975,282
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">&nbsp;(12,418,083)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481">20,005,884
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">Overdrafts</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;626,669
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;522,652
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;209,250
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;332,279
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;(648,392)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">1,042,458
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">Instruments</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">1,170,687
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;185,772
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;(20,941)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;(16,044)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;(556,365)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;763,109
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">Mortgage
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">1,431,984
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">65,078
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;263,388
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;848,189
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;(893,517)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">1,715,122
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">Pledge
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;192,964
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">44,243
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;604
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">22,203
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;(111,508)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;148,506
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">Consumer
    loans</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">5,001,884
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;376,074
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;(17,040)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">1,354,402
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">(2,616,339)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">4,098,981
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">Credit
    cards</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">9,475,453
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">1,337,225
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">2,958,061
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">1,527,812
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">(5,202,819)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">10,095,732
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">Finance
    leases</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;183,043
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">33,174
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">8,239
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">62,798
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;(96,826)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;190,428
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 30pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">7,480,924
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;576,696
    </FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">&nbsp;(657,398)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">(3,156,357)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">(2,292,317)</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt">1,951,548
    </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>Other
    debt securities</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>29,433
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>23,071
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;(20,417)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>32,087
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: left; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>Contingent
    commitments</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>1,662,857
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>1,373,183
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>&nbsp;638,080
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>33,550
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>(1,013,472)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #004481"><B>2,694,198
    </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 11pt Calibri,sans-serif; text-align: center; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>TOTAL
    ALLOWANCES</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>28,400,455
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>5,228,441
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>3,565,742
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>1,103,314
    </B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>&nbsp;(14,248,362)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font: 11pt Calibri,sans-serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: BBVABentonSans,serif; font-size: 8pt; color: #072146"><B>24,049,590
    </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

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


<!-- Field: Page; Sequence: 209 -->
    <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="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->208<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="color: #072146; font-weight: bold; text-align: center">PROJECT FOR THE DISTRIBUTION OF EARNINGS</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="color: #072146; font-weight: bold; text-align: center">FOR THE FISCAL YEAR ENDED</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="color: #072146; font-weight: bold; text-align: center">DECEMBER 31, 2022</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="color: #072146; text-align: center">&nbsp;(stated in thousands of pesos constant currency - Note 2.1.5. to the consolidated financial statements)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="color: #072146; text-align: center">(Translation of Financial statements originally issued in Spanish - See Note 43)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: center; width: 50%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 14%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 16%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 16%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;RETAINED EARNINGS&nbsp;(1)&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">136,140,971</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;&nbsp;To Legal Reserve&nbsp;&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">(11,765,158)</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;SUBTOTAL 1&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">124,375,813</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;Other Comprehensive Income&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(12,882,424)</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="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="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;(57,025)</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;SUBTOTAL 2&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">111,436,364</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="color: #072146; font-weight: bold; text-align: left">&nbsp;DISTRIBUTABLE BALANCE&nbsp;&nbsp;(2) (3)&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">111,436,364</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;To cash dividends&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;-</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;To unappropriated retained earnings&nbsp;</TD>
    <TD STYLE="font: bold 9pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;-</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    </TR>
</TABLE>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-weight: bold; text-align: right; width: 37%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8">&nbsp;(1) It includes Optional Reserve for future distributions of earnings in the amount of 77,315,183.&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8">&nbsp;(2) Pursuant to Section 3 - Verification of Liquidity&nbsp;&nbsp;and Solvency and Section 4 - Additional
    Margins of&nbsp; &nbsp;Capital of revised Text on Distribution of Earnings.</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8">&nbsp;(3) The Board of Directors has decided to postpone the proposal for allocating&nbsp;income for fiscal year 2022 until the next Annual and Extraordinary Shareholders' Meeting.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8">The distribution of earnings is contingent up on the approval of the Annual and Extraordinary Shareholders' Meeting.&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8">&nbsp;Prior approval of the BCRA is required (Note 43 to the Consolidated Financial Statements).&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8">This project for the distribution of earnings may vary in accordance with the aforementioned authorizations.&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 11pt BBVABentonSans; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt BBVABentonSans; margin: 0; text-align: center"></P>

<!-- Field: Page; Sequence: 210 -->
    <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="text-align: left; width: 100%"><IMG SRC="bbarfs4q226k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->209<!-- Field: /Sequence -->-&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt BBVABentonSans; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt BBVABentonSans; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt BBVABentonSans; margin: 0; text-align: center"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 11pt BBVABentonSans; margin: 0; text-align: center"><B>THE FISCAL YEAR ENDED</B></P>

<P STYLE="font: 11pt BBVABentonSans; margin: 0; text-align: center"><B>DECEMBER 31, 2022</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: center"><B>(Amounts stated in thousands of Argentine pesos in constant currency
&ndash;Note 2.1.5. to the consolidated financial statements)</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: center"><B>Translation of Financial statements originally issued in Spanish
- See Note 54 to the consolidated financial statements</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 28.3pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">These consolidated financial statements were prepared in accordance
with the financial reporting framework set forth by the BCRA (Communication &ldquo;A&rdquo; 6114 of the BCRA, as supplemented). Save for
the regulations set forth by the BCRA explained in the following paragraph, such framework is based on the International Financial Reporting
Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and adopted by the Argentine Federation of Professional
Councils of Economic Sciences (FACPCE, as per its Spanish acronym). The aforementioned international standards include the IFRS, the International
Accounting Standards (IAS) and the interpretations developed by Interpretations Committee of International Financial Reporting Standards
(IFRIC) or the former Standards Interpretations Committee (SIC).</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">Out of the exceptions set forth by the BCRA to the application of
current IFRS, the following affect the preparation of these consolidated financial statements:</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">a) Within the framework of the convergence process to IFRS established
by Communication &ldquo;A&rdquo; 6114, as amended and supplemented, the BCRA provided that for fiscal years starting on and after January
1, 2020, financial institutions defined as &ldquo;Group A&rdquo; according to BCRA regulations, as such is the case of the Entity, are
required to start to apply paragraph 5.5 &ldquo;Impairment&rdquo; of IFRS 9 &ldquo;Financial Instruments&rdquo; (paragraphs B5.5.1 through
B5.5.55)except for exposures to the public sector, considering the exclusion set forth by Communication &ldquo;A&rdquo; 6847.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">Had the above mentioned paragraph 5.5. &ldquo;Impairment&rdquo; been
applied in full, according to the global estimate made by the Entity, as of December 31, 2022 and 2021, its shareholders&rsquo; equity
would have been reduced by 4,482,561 and 3,723,823, respectively.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">b) As of December 31, 2021, the Entity valued its remaining interest
in Prisma Medios de Pago SA (&ldquo;<U>Prisma</U>&rdquo;) following the guidelines set forth by applicable rules and considering a valuation
report as of December 31, 2020 issued by independent experts subject to the provisions of Memoranda No. 7/2019 and No. 8/2021 dated April
29, 2019 and May 22, 2021, respectively, received from the BCRA, which set forth specific provisions as regards the measurement of such
interest. Considering those provisions, the Entity has made adjustments to the fair value previously determined (see Note 12.1).</P>

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

<P STYLE="font: 10pt BBVABentonSans; 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 4,209,490 (decrease) and &ldquo;Unappropriated
retained earnings&rdquo; by 2,946,642 (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, 2021.</FONT></P>


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<P STYLE="font: 10pt BBVABentonSans; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>Information not covered by the Auditors
Report on the review of the consolidated financial statements.<BR STYLE="clear: both">
</I></P>


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<P STYLE="font: 10pt Arial Narrow,sans-serif; margin: 6pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 6pt 0; text-align: justify"><FONT STYLE="text-decoration: none">In March 2022, the shares
corresponding to the aforementioned interest were transferred and the income (loss) from their sale was recorded in the quarter ended
March 31, 2022. Had the IFRS been applied in order to determine the fair value above mentioned, the income (loss) of previous years and
for the fiscal year ended December 31, 2022 shall have been changed. However, this situation does not generate differences as regards
the shareholders&rsquo; equity value as of December 31, 2022.</FONT></P>

<P STYLE="font: 12pt BBVABentonSans; margin: 0; text-align: justify">c) <FONT STYLE="font-size: 10pt">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. As described in Note 11, such provision was fully reversed as from June 30, 2021.</FONT></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">Except as provided in the preceding paragraphs, the accounting policies
applied by the Entity comply with the IFRS that have been currently approved and are applicable in the preparation of these consolidated
financial statements in accordance with the IFRS as adopted by the BCRA as per Communication &ldquo;A&rdquo; 7411. In general, the BCRA
does not allow the early application of any IFRS, unless otherwise specified.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">These financial statements were approved by Banco BBVA Argentina
S.A.&rsquo;s Board of Directors on March 6, 2023.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">In addition, the BCRA through Communications &ldquo;A&rdquo; 6323
and 6324 provided the guidelines for the preparation and presentation of financial statements of financial institutions for the fiscal
years starting on or after January 1, 2018, including the additional reporting requirements as well as the information to be presented
as Exhibits.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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,
2022 and 2021.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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, 2022, the Entity's total assets,
liabilities and shareholders' equity amounted to 1,958,836,856; 1,592,952,888; and 365,883,968; respectively.</P>

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

<P STYLE="font: 10pt BBVABentonSans; 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 3.7
million active customers as of December 31, 2022. 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 BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>Information not covered by the Auditors
Report on the review of the consolidated financial statements.</I></P>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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
881 ATMs, 856 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 5,888 employees, including 93 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 BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">The loans portfolio net of allowance for loan losses totaled
$&nbsp;717,096,502 as of December 31, 2022, reflecting a 2.88% decrease as compared to the previous year.</P>

<P STYLE="font: 10pt BBVABentonSans; text-align: justify; margin-right: 2.45pt; margin-left: 0">As it relates to consumer loans, including
pledge loans, credit cards, mortgage loans and consumer loans, the latter jointly with credit cards decreased the least, by 10.59% in
the case of consumer loans and 10.31% in credit cards, compared with December 31, 2021.</P>

<P STYLE="font: 10pt BBVABentonSans; text-align: justify; margin-right: 2.45pt; margin-left: 0">Banco BBVA Argentina S.A.'s consolidated
market share in private-sector financing was 9.10% at fiscal 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 BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">In terms of portfolio quality, the Entity has managed
to maintain very good ratios. The non performing ratio (Financings non performing/total financing) was 1.13%, with a coverage level (total
allowances/non performing) of 242.23% as of December 31, 2022.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">The exposure for securities as of December 31, 2022 totaled
$ 723,188,069, including repos.</P>

<P STYLE="font: 10pt BBVABentonSans; text-align: justify; margin-right: 2.45pt; margin-left: 0">In terms of liabilities, customers&rsquo;
resources totaled $ 1,313,820,228, with a 4.78% decrease over the last twelve months.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">Banco BBVA Argentina S.A. consolidated market share in
private deposits reached 6.64% at fiscal year-end, based on BCRA&rsquo;s daily information (principal balance as of the last day of each
quarter).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; 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 BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">Banco BBVA Argentina S.A. recorded an accumulated profit
of 57,934,371 as of December 31, 2022, representing a return on average shareholders' equity of 17.53%, a return on average assets of
2.97%, and a return on average liabilities of 3.53%.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">Accumulated net interest income totaled 339,439,957, up
by 40.71% compared to December 2021. Such increase was driven by increased premiums for repurchase transactions with the financial sector
and for interest from local financial institutions.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>Information not covered by the Auditors
Report on the review of the consolidated financial statements.</I></P>


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

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">Accumulated net commission income totaled 46,472,828 accounting
for a 1.39% increase compared to December 2021. This increase was due to an increase in commissions related to credits and obligations
and lower commissions related to transactions with securities.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">Accumulated administrative expenses and personnel benefits
totaled <FONT STYLE="color: #121212">136,119,717, up by 9.62% vis-a-vis December 2021. This increase was due to a higher expense in representation
and travel, leases and advertising. </FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify"><B><U>Outlook</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">Despite the less favorable global context and the local environment
signed by the difficulty of correcting current macroeconomic distortions and meeting the objectives established in the arrangements reached
in March with the International Monetary Fund, the economic activity has shown certain dynamism in 2022. Available evidence suggests,
according to BBVA Research, that GDP would have grown near 5.0% in 2022. Likewise, the global context, the high inflation (94.8% accumulated
as of December and, foreseeably, around the same levels in 2023), the financial volatility, the uncertainty about the evolution of the
economic policy and the limited margin for adopting new stimulus measures, support the expectations of a slight contraction of GDP in
2023.</P>

<P STYLE="font: 12pt Palatino,serif; margin: 0 2.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.45pt 0 0; text-align: justify">The banking system is influenced by the high inflation
scenario. At the end of December 2022 both private credit and private deposits, grew 66% and 93%, respectively, comparative with December
2021 (source: BCRA siscen reporting regime as of December 31, 2022. Capital balances as of the last day of each period, in nominal terms).
Meanwhile, the total NPL ratio decreased to 3.0%, compared to 4.3% as of December 2021 (source: Banking Report, BCRA, latest available
data November 2022).</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 2pt 12pt 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 BBVABentonSans; margin: 12pt 2pt 12pt 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 BBVABentonSans; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>Information not covered by the Auditors
Report on the review of the consolidated financial statements.</I></P>


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

<P STYLE="font: 10pt BBVABentonSans; margin: 12pt 2pt 12pt 0; text-align: justify">The Bank's digital transformation is an inherent part
of the way the institution does business. Our service offering has evolved in such a way that at the end of December 2022, the penetration
of our digital customers reached 62%, remaining stable vis-a-vis the end of the previous year, while that of our mobile customers reached
55%, up from 53% a year ago. The response from our customers has been satisfactory, and we are convinced that this is the path to follow
in order to maintain and expand our competitive positioning in the financial system. In the quarter, the acquisition of new digital customers
over traditional ones was 70%.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0">The Bank&rsquo;s goal for 2023 will be to maintain its current strength built all over
the years, within the framework of a decisive year for Argentina.</P>

<P STYLE="font: 12pt BBVABentonSans; margin: 12pt 2pt 12pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt BBVABentonSans; text-align: justify; margin-right: 2.45pt; margin-left: 0"><I>Information not covered by the Auditors
Report on the review of the consolidated financial statements.</I></P>

<P STYLE="font: 12pt Palatino,serif; margin: 0"><FONT STYLE="font-family: BBVABentonSans"><BR STYLE="clear: both">
</FONT></P>


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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">CONSOLIDATED BALANCE SHEET STRUCTURE</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; font-weight: bold; text-align: center">COMPARATIVE WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: right; width: 38%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 4%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; background-color: white; width: 13%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right; width: 14%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #072146; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right; background-color: white">12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right; background-color: white">12.31.20</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; vertical-align: bottom; text-align: right; background-color: white">12.31.19</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; background-color: white">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Total assets</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,958,836,856</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;2,006,747,334</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;2,022,790,428</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;1,807,700,871</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Total liabilities</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">1,592,952,888</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;1,689,990,471</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;1,717,726,963</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;1,504,058,684</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Shareholders' Equity</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">360,480,705</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;310,510,876</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;298,776,731</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;297,327,844</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: middle; text-align: left">Minority interest</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">5,403,263</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;6,245,987</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;6,286,734</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;6,314,343</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: middle; text-align: left"></TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: left">Total Liabilities + Shareholders' Equity + Minority interest</TD>
    <TD STYLE="text-align: right">1,958,836,856</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;2,006,747,334</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;2,022,790,428</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,807,700,871</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>


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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">CONSOLIDATED STATEMENT OF INCOME STRUCTURE</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="color: #072146; font-weight: bold; text-align: center">COMPARATIVE WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="color: #072146; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.20</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.19</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #305496; font-weight: bold; vertical-align: bottom">&nbsp;Net interest income&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;339,439,957</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;241,237,385</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;228,917,312</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;266,612,398</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #305496; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #305496; font-weight: bold; vertical-align: bottom">&nbsp;Net commission income&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">46,742,828</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">46,102,643</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">35,988,360</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">32,737,406</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; width: 50%">Net income from measurement of financial instruments at fair value through profit or loss</TD>
    <TD STYLE="text-align: right; width: 11%">18,176,921</TD>
    <TD STYLE="text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 11%">&nbsp;&nbsp;8,501,868</TD>
    <TD STYLE="text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 11%">23,274,949</TD>
    <TD STYLE="text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 11%">36,969,753</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Net (loss) from write-down of assets at amortized cost and at fair value through OCI</TD>
    <TD STYLE="text-align: right">&nbsp;289,948</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(238,226)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(6,791,532)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(242,132)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Gold and Foreign currency quotation differences</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;8,076,977</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">10,790,706</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">18,310,996</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">43,221,141</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Other operating income</TD>
    <TD STYLE="text-align: right">21,162,193</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">15,761,823</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">18,457,610</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">51,785,619</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Allowance for loan losses</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(19,480,425)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(16,104,276)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(29,196,192)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(54,103,285)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom">&nbsp;Net operating income&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;414,408,399</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;306,051,923</TD>
    <TD STYLE="color: #004481; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;288,961,503</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;376,980,900</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Personnel benfits</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(67,977,448)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(60,993,395)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(59,742,547)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(66,673,365)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Administrative expenses</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(68,141,723)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(63,175,953)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(55,334,179)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(56,017,047)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">Asset depreciation and impairment</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(10,973,223)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(10,872,882)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(11,954,953)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(16,843,255)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Other operating expenses</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(61,486,046)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(52,007,167)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(48,280,181)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(87,976,837)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">Operating income</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;205,829,959</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;119,002,526</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;113,649,643</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;149,470,396</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #004481; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">Income/(loss) from associates and joint ventures</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">(466,497)</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;(81,528)</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;802,335</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;(84,910)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">Loss from net monetary position</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">(143,506,418)</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;(77,853,422)</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;(57,912,150)</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;(62,086,901)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">Income before income tax from continuing activities</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">61,857,044</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">41,067,576</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">56,539,828</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">87,298,585</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">Income tax from continuing activities</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;(3,922,673)</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;155,399</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;(24,109,180)</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;&nbsp;(29,352,022)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">Net income from continuing activities</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">57,934,371</TD>
    <TD STYLE="color: #004481; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">41,222,975</TD>
    <TD STYLE="color: #004481; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">32,430,648</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">57,946,563</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">Net income for the year</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">57,934,371</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">41,222,975</TD>
    <TD STYLE="color: #004481; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">32,430,648</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #004481; font-weight: bold; text-align: right">57,946,563</TD></TR>
  </TABLE>

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


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

<P STYLE="font: 12pt BBVABentonSans; margin: 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9" STYLE="color: #072146; font-weight: bold; text-align: center">CONSOLIDATED CASH FLOW STRUCTURE&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9" STYLE="color: #072146; font-weight: bold; text-align: center">COMPARATIVE WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9" STYLE="color: #072146; text-align: center">(stated in thousands of pesos in constant currency - Note 2.1.5)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.20</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.19</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="width: 58%">Net cash generated by / (used in) operating activities</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">110,475,964</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">&nbsp;227,347,138</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">(39,725,871)</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">&nbsp;178,285,279</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Net cash used in investing activities</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(27,152,872)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(14,604,755)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(6,989,981)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(458,177)</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Net cash used in financing activities</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(5,921,216)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(10,455,818)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(20,892,943)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(13,746,193)</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Effect of exchange rate changes</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1,212,110</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(44,868,750)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;30,776,671</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">61,385,520</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Gain/loss on net monetary position of cash and cash equivalents</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;(207,642,509)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(179,332,543)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;(141,418,084)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(210,241,457)</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="color: #072146; font-weight: bold">Total cash used in during the year</TD>
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;(129,028,523)</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;&nbsp;(21,914,728)</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;(178,250,208)</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">15,224,972</TD>
    </TR>
  </TABLE>

<P STYLE="font: 12pt BBVABentonSans; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt BBVABentonSans; margin: 0; text-align: center">&nbsp;<B>&nbsp;</B></P>


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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">COMPARATIVE STATISTICAL DATA</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="color: #072146; font-weight: bold; text-align: center">WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="color: #072146; text-align: center">(variation of balances over the previous fiscal year)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    <TD STYLE="color: #072146">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; width: 19%">&nbsp;</TD>
    <TD STYLE="color: #072146; width: 11%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 29%">12.31.22 / <BR>
12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 17%">12.31.21 / <BR>
12.31.20</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center; width: 17%">12.31.20 / <BR>
12.31.19</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total loans</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">-2.88%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">-10.10%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">5.08%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Total deposits</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">-4.78%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">5.49%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">11.15%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Income/(loss)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">40.54%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">27.11%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">-44.03%</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: left">Shareholders' Equity</TD>
    <TD STYLE="text-align: center">15.51%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">3.83%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">0.47%</TD>
    </TR>
  </TABLE>

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt BBVABentonSans">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9" STYLE="text-align: center; color: #072146; font-weight: bold">COMPARATIVE RATIOS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9" STYLE="text-align: center; color: #072146; font-weight: bold">WITH PREVIOUS FISCAL YEARS</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 28%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 17%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 17%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #072146; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.22</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.21</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.20</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #072146; font-weight: bold; text-align: right">12.31.19</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Solvency (a)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">22.97%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">18.74%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">17.76%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">20.19%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Liquidity (b)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">77.31%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">76.37%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">67.45%</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">69.89%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Tied-up capital (c)</TD>
    <TD STYLE="color: red; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">34.45%</TD>
    <TD STYLE="color: red; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">35.69%</TD>
    <TD STYLE="color: red; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">36.08%</TD>
    <TD STYLE="color: red; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">37.82%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="color: #8497B0; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="color: #8497B0; font-style: italic; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Indebtedness (d)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4.35</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;5.34</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;5.63</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;4.95</TD></TR>
  </TABLE>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><B>&nbsp;</B></P>

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

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

<P STYLE="font: 9pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">(a) Shareholders&rsquo; Equity/Liabilities</P>

<P STYLE="font: 9pt BBVABentonSans; 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 BBVABentonSans; 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 BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify">(d) Total liabilities/Shareholders&rsquo; Equity.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 0 35.45pt; text-align: justify"><I>Information not covered by the Auditors Report on
the review of the consolidated financial statements.</I></P>


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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>INDEPENDENT AUDITORS' REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS</B></P>

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

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">To the Directors of</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>BANCO BBVA ARGENTINA S.A.</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">CUIT (Argentine taxpayer identification number): 30-50000319-3</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">Registered address: Av. C&oacute;rdoba 111</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><U>City of Buenos Aires, Argentina</U></P>

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

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">I.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Report on financial statements </B></FONT></TD></TR></TABLE>

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

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>Introduction</B></P>

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">We have audited the accompanying consolidated
financial statements of BANCO BBVA ARGENTINA S.A. (the &ldquo;Bank&rdquo;) and its subsidiaries, which comprise: (a) the consolidated
statement of financial position as of December 31, 2022; (b) the consolidated statements of income and other comprehensive income, the
changes in shareholders&rsquo; equity, and cash flows for the fiscal year then ended, and (c) a summary of significant accounting policies
and other explanatory information included in the notes and exhibits that supplement them.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>Responsibility of the Bank&rsquo;s Management and Board of Directors
in connection with the financial statements</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: -7.1pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The Bank&rsquo;s Management and Board of
Directors are responsible for the fair preparation and presentation of the financial statements mentioned in paragraph 1 in conformity
with the financial reporting framework set forth by the Central Bank of Argentina (BCRA) which, as indicated in Note 2 to the financial
statements mentioned in paragraph 1, is based on IFRS (International Financial Reporting Standards), as issued by the IASB (International
Accounting Standards Board) and adopted by the FACPCE (Argentine Federation of Professional Councils in Economic Sciences), including
the exceptions established by the BCRA explained in such note. The Bank&rsquo;s Board and Management are also responsible for the internal
control they may deem necessary for the financial statements to be prepared free of material misstatements, whether due to errors or irregularities.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>Auditor&rsquo;s responsibilities</B></P>

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Our responsibility is to express an opinion
on the financial statements mentioned in paragraph 1 based on our audit. We have performed our work in accordance with the auditing standard
established by FACPCE Technical Resolution No. 37 and with the &ldquo;Minimum standards on external audits&rdquo; issued by the BCRA.
Such standards require that auditors comply with the ethical requirements and plan and perform the audit to obtain reasonable assurance
on the inexistence of material misstatements in the financial statements. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">An audit comprises the application of procedures to
obtain judgmental evidence regarding figures and information disclosed in financial statements. The procedures selected depend on the
auditor's professional judgment, including the assessment of the risks of material misstatements of the financial statements, whether
due to errors or irregularities. In making this risk assessments, the auditor considers the Bank&rsquo;s internal control relevant to
the preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the Bank&rsquo;s internal control. An audit also includes evaluating
the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Bank&rsquo;s Board of Directors
and Management, as well as evaluating the overall financial statement presentation.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">We believe that the judgmental evidence we have obtained
is enough and appropriate for our audit opinion.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt"><B>Opinion</B></TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">In our opinion, the financial statements
mentioned in paragraph 1 fairly present, in all material respects, the financial condition of BANCO BBVA ARGENTINA S.A. and its subsidiaries
as of December 31, 2022, as well as the results of its operations, changes in shareholders&rsquo; equity and cash flows for the fiscal
year then ended, in accordance with the financial reporting framework set forth by the BCRA and referred to in paragraph 2.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial,sans-serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"><B>Emphasis on certain matters disclosed in
the financial statements </B></P>

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 13.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">We would like to draw attention to the information
contained in the following notes to the consolidated financial statements mentioned in paragraph 1:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-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: 13.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Note 2. &ldquo;Basis for the preparation
of these Financial Statements and applicable accounting standards &ndash; Applicable Accounting Standards&rdquo; where the Bank quantifies
the effects of the application of section 5.5 &ldquo;Impairment in value&rdquo; of IFRS 9 &ldquo;Financial instruments&rdquo; to financial assets that comprise
exposures to the public sector, which were temporarily excluded from such application through BCRA Communiqu&eacute; &ldquo;A&rdquo; 6847,
which are explained in the note.</FONT></TD></TR></TABLE>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 31.3pt; text-align: justify"></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 31.3pt; 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: 13.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Note 2. &ldquo;Basis for the preparation
of these Financial Statements and applicable accounting standards &ndash; Applicable Accounting Standards&rdquo;, in relation to the measurement
of the remaining investment in Prisma Medios de Pago S.A. where the Bank discloses that (i) as of December 31, 2021, to measure the fair
value of a specific equity instrument it applied the requirements issued by the BCRA through the memorandum dated April 29, 2019, and
March 22, 2021, and (ii) given that in March 2022 the shares related to the abovementioned interest were transferred, the proceeds from
the sale thereof were booked under the net income for the current fiscal year, and this recognition method differs from the one that should
have been afforded under IFRS.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 31.3pt; 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: 13.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Note 2. &ldquo;Basis for the preparation
of these Financial Statements and applicable accounting standards &ndash; Applicable Accounting Standards&rdquo;, in relation to Memorandum
No. 6/2017 on reassessment of income tax whereby the Bank discloses that (i) for the purposes of measuring income tax liabilities it had
applied the requirements established by BCRA Memorandum dated May 29, 2017 and (ii) due to the situation occurred in fiscal 2021 the accrual
was fully reversed as of June 30, 2021, and the effects were booked under the net income for 2021; this recognition method differs from
that which should have been applied under IFRS, since according to the latter, the effect should have been recognized in previous years.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">These issues do not change the opinion stated in paragraph
4, but they should be taken into account by the users of IFRS for interpreting the accompanying financial statements mentioned in the
paragraph 1.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; 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: 0"></TD><TD STYLE="width: 13.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">As further explained in Note 54 to the consolidated
financial statements mentioned in paragraph 1, certain accounting practices used by the Bank to prepare the accompanying financial statements
conform with the financial reporting framework set forth by the BCRA but may not conform with the accounting principles generally accepted
in other countries.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify"><B>Other matters</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; 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: 0"></TD><TD STYLE="width: 13.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The Bank&rsquo;s financial statements for
the fiscal year ended December 31, 2021 were not audited by us but by other auditors, who on March 3, 2022, expressed an unqualified opinion
with respect to the accounting standards set forth by the BCRA on said financial statements. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 14.2pt; 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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">8.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">We also issued a separate report on the separate
financial statements of BANCO BBVA ARGENTINA S.A. as of the same date and for the same period indicated in paragraph 1. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 14.2pt; 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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>II.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Report on other legal and regulatory requirements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">In compliance with current regulations, we further report
that:</P>

<P STYLE="font: 8pt Arial,sans-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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The consolidated financial
statements mentioned in paragraph 1 are being transcribed to the Book of Balance Sheets for Publication of BANCO BBVA ARGENTINA S.A. and,
in our opinion, have been prepared, in all material respects, in accordance with the applicable Argentine Business Associations Law provisions
and the rules of the Argentine Securities Commission (&ldquo;CNV&rdquo;).</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The separate financial
statements of BANCO BBVA ARGENTINA S.A. as of December 31, 2022 are being transcribed to the Book of Balance Sheets for Publication and,
considering what was mentioned in Note 2.7 to the consolidated financial statements, they arise from accounting records kept, in all formal
aspects, in accordance with the laws in force and the conditions set forth in Resolution No. DI-2021-6-APN-GRC#CNV of the CNV dated February
25, 2021.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">c)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">As of December 31,
2022, liabilities accrued in employee and employer contributions to the Integrated Pension Fund System, as recorded in the Bank&rsquo;s
accounting books, amounted to ARS 851,459,376 none of which was due and payable as of that date.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">d)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The information included
in the &ldquo;Consolidated Balance Sheet Structure&rdquo;, the &ldquo;Consolidated Statement of Income Structure&rdquo; and the &ldquo;Consolidated
Cash Flow Structure&rdquo; of the Reporting Summary for the Fiscal Year ended December 31, 2022 filed by the Bank jointly with the financial
statements to comply with CNV (Argentine Securities Commission) regulations, arises from the Bank&rsquo;s accompanying consolidated financial
statements as of December 31, 2022 and 2021, and as of December 31, 2020, and 2019, which are not included as exhibits. In addition, we
report that the consolidated financial statements as of December 31, 2021, 2020, and 2019, to which we refer, which should be read jointly
with this report, were audited by other auditors who issued their review reports on March 3, 2022, March 9, 2021, and February 18, 2020,
respectively.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; text-align: justify">The figures of the comparative information have been
restated to consider the changes in the currency general purchasing power and are thus stated in the constant currency as of the end of
the reporting year.</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">e)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">As of December 31,
2022, as.stated in Note 47 to the accompanying consolidated financial statements, the Bank carries shareholders&rsquo; equity and a contra
account to eligible assets that exceed the minimum amounts required by relevant CNV regulations for these items.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; 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: Arial,sans-serif; font-size: 9pt">f)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">During the fiscal
year ended December 31, 2022, we have invoiced fees for audit services rendered to BANCO BBVA ARGENTINA S.A., accounting for 100% of the
total amount invoiced to the Bank for all services, 65.3% of the total audit services invoiced to the Bank and associates and 65.3% of
the total invoiced to the Bank and associates for all services.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 3.95pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 5pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">City of Buenos Aires</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">March 6, 2023</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Book Antiqua,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif">PISTRELLI, HENRY MARTIN Y ASOCIADOS S.R.L.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif">JAVIER J. HUICI</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif">Partner</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif">Certified Public Accountant (U.B.A.)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>


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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B></B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>INDEPENDENT AUDITORS&acute; REPORT ON THE SEPARATE FINANCIAL
STATEMENTS</B></P>

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">To the Directors of</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>BANCO BBVA ARGENTINA S.A.</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">CUIT (Argentine taxpayer identification number): 30-50000319-3</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">Registered address: Av. C&oacute;rdoba 111</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><U>City of Buenos Aires, Argentina</U></P>

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

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">III.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Report on financial statements </B></FONT></TD></TR></TABLE>

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

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>Introduction</B></P>

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">We have audited the accompanying separate
financial statements of BANCO BBVA ARGENTINA S.A. (the &ldquo;Bank&rdquo;), which comprise: (a) the separate statement of financial position
as of December 31, 2022; (b) the separate statements of income and other comprehensive income, the changes in shareholders&rsquo; equity,
and cash flows for the fiscal year then ended, and (c) a summary of significant accounting policies and other explanatory information
included in the notes and exhibits that supplement them.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>Responsibility of the Bank&rsquo;s Management and Board of Directors
in connection with the financial statements</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: -7.1pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The Bank&rsquo;s Management and Board of
Directors are responsible for the fair preparation and presentation of the financial statements mentioned in paragraph 1 in conformity
with the financial reporting framework set forth by the Central Bank of Argentina (BCRA) which, as indicated in Note 2 to the financial
statements mentioned in paragraph 1, is based on IFRS (International Financial Reporting Standards), as issued by the IASB (International
Accounting Standards Board) and adopted by the FACPCE (Argentine Federation of Professional Councils in Economic Sciences), including
the exceptions established by the BCRA explained in such note. The Bank&rsquo;s Board and Management are also responsible for the internal
control they may deem necessary for the financial statements to be prepared free of material misstatements, whether due to errors or irregularities.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>Auditor&rsquo;s responsibilities</B></P>

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 13.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Our responsibility is to express an opinion
on the financial statements mentioned in paragraph 1 based on our audit. We have performed our work in accordance with the auditing standard
established by FACPCE Technical Resolution No. 37 and with the &ldquo;Minimum standards on external audits&rdquo; issued by the BCRA.
Such standards require that auditors comply with the ethical requirements and plan and perform the audit to obtain reasonable assurance
on the inexistence of material misstatements in the financial statements. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">An audit comprises the application of procedures to
obtain judgmental evidence regarding figures and information disclosed in financial statements. The procedures selected depend on the
auditor's professional judgment, including the assessment of the risks of material misstatements of the financial statements, whether
due to errors or irregularities. In making this risk assessments, the auditor considers the Bank&rsquo;s internal control relevant to
the preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the Bank&rsquo;s internal control. An audit also includes evaluating
the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Bank&rsquo;s Board of Directors
and Management, as well as evaluating the overall financial statement presentation.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">We believe that the judgmental evidence we have obtained
is enough and appropriate for our audit opinion.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt"><B>Opinion</B></TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">In our opinion, the financial statements
mentioned in paragraph 1 fairly present, in all material respects, the financial condition of BANCO BBVA ARGENTINA S.A. as of December
31, 2022, as well as the results of its operations, changes in shareholders&rsquo; equity and cash flows for the fiscal year then ended,
in accordance with the financial reporting framework set forth by the BCRA and referred to in paragraph 2.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: -7.1pt"><B>Emphasis on certain matters disclosed in
the financial statements </B></P>

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 13.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">We would like to draw attention to the information
contained in the following notes to the financial statements mentioned in paragraph 1:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-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: 13.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Note 2. &ldquo;Basis for the preparation
of these Financial Statements and applicable accounting standards&rdquo; where the Bank quantifies the effects of the application of section
5.5 &ldquo;Impairment in value&rdquo; of IFRS 9 &ldquo;Financial instruments&rdquo; to financial assets that comprise exposures to the
public sector, which were temporarily excluded from such application through BCRA Communiqu&eacute; &ldquo;A&rdquo; 6847, which are explained
in the note.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 31.3pt; 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: 13.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Note 2. &ldquo;Basis for the preparation
of these Financial Statements and applicable accounting standards&rdquo; , in relation to the measurement of the remaining investment
in Prisma Medios de Pago S.A. where the Bank discloses that (i) as of December 31, 2021, to measure the fair value of a specific equity
instrument it applied the requirements issued by the BCRA through the memorandum dated April 29, 2019, and March 22, 2021, and (ii) given
that in March 2022 the shares related to the abovementioned interest were transferred, the proceeds from the sale thereof were booked
under the net income for the current fiscal year, and this recognition method differs from the one that should have been afforded under
IFRS.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 31.3pt; 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: 13.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Note 2. &ldquo;Basis for the preparation
of these Financial Statements and applicable accounting standards&rdquo; , in relation to Memorandum No. 6/2017 on reassessment of income
tax whereby the Bank discloses that (i) for the purposes of measuring income tax liabilities it had applied the requirements established
by BCRA Memorandum dated May 29, 2017 and (ii) due to the situation occurred in fiscal 2021 the accrual was fully reversed as of June
30, 2021, and the effects were booked under the net income for 2021; this recognition method differs from that which should have been
applied under IFRS, since according to the latter, the effect should have been recognized in previous years.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">These issues do not change the opinion stated in paragraph
4, but they should be taken into account by the users of IFRS for interpreting the accompanying financial statements mentioned in the
paragraph 1.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; 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: 0"></TD><TD STYLE="width: 13.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">As further explained in Note 43 to the separate
financial statements mentioned in paragraph 1, certain accounting practices used by the Bank to prepare the accompanying financial statements
conform with the financial reporting framework set forth by the BCRA but may not conform with the accounting principles generally accepted
in other countries.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify"><B>Other matters</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; 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: 0"></TD><TD STYLE="width: 13.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The Bank&rsquo;s financial statements for
the fiscal year ended December 31, 2021 were not audited by us but by other auditors, who on March 3, 2022, expressed an unqualified opinion
with respect to the accounting standards set forth by the BCRA on said financial statements.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">8.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">We also issued a separate report on the consolidated
financial statements of BANCO BBVA ARGENTINA S.A. and its subsidiaries as of the same date and for the same period indicated in paragraph
1. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 14.2pt; 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: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>IV.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Report on other legal and regulatory requirements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 13.3pt; text-align: justify">In compliance with current regulations, we further report
that:</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">In our opinion, the
consolidated financial statements mentioned in paragraph 1 have been prepared, in all material respects, in accordance with the applicable
Argentine Business Associations Law provisions and the rules of the Argentine Securities Commission (&ldquo;CNV&rdquo;).</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The separate financial
statements mentioned in paragraph 1 are being transcribed to the Book of Balance Sheets for Publication and, considering what was mentioned
in Note 2.7 to the consolidated financial statements, they arise from accounting records kept, in all formal aspects, in accordance with
the laws in force and the conditions set forth in Resolution No. DI-2021-6-APN-GRC#CNV of the CNV dated February 25, 2021.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">c)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">As of December 31,
2022, liabilities accrued in employee and employer contributions to the Integrated Pension Fund System, as recorded in the Bank&rsquo;s
accounting books, amounted to ARS 851,459,376 none of which was due and payable as of that date.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; 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: Arial,sans-serif; font-size: 9pt">d)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">As of December 31,
2022, as.stated in Note 47 to the accompanying consolidated financial statements, the Bank carries shareholders&rsquo; equity and a contra
account to eligible assets that exceed the minimum amounts required by relevant CNV regulations for these items.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 3.95pt 0 36pt; 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: Arial,sans-serif; font-size: 9pt">e)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">During the fiscal
year ended December 31, 2022, we have invoiced fees for audit services rendered to BANCO BBVA ARGENTINA S.A., accounting for 100% of the
total amount invoiced to the Bank for all services, 65.3% of the total audit services invoiced to the Bank and associates and 65.3% of
the total invoiced to the Bank and associates for all services.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 3.95pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 5pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">City of Buenos Aires</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">March 6, 2023</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Book Antiqua,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif">PISTRELLI, HENRY MARTIN Y ASOCIADOS S.R.L.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif">JAVIER J. HUICI</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif">Partner</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif">Certified Public Accountant (U.B.A.)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Book Antiqua,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial,sans-serif; margin: 1pt 0 11pt; text-align: justify"><B>&nbsp;</B></P>


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

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: center"><B><U>SUPERVISORY COMMITTEE'S REPORT</U></B></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">To the Shareholders of</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify"><B>BANCO BBVA ARGENTINA S.A. </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">Registered Office: Av. C&oacute;rdoba 111</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify"><U>City of Buenos Aires</U></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; 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 29, 2022, and in compliance with the terms of Section 294 of the Argentine Companies Law No.
19550, we have reviewed the consolidated statement of financial position as of December 31, 2022, 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, 2022, the statements of income, other comprehensive income, changes in shareholders' equity and cash flows, and certain exhibits and
notes thereto.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm"><B>I.<U>DOCUMENTS SUBJECT TO EXAMINATION</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">i.Financial statements for the fiscal year
ended on December 31, 2022, presented on a comparative basis.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">ii.Consolidated Statement of Financial Position.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">iii.Consolidated Statement of Income.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">iv.Consolidated Statement of Other Comprehensive
Income</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">v.Consolidated Statement of Changes in Shareholders'
Equity.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">vi.Consolidated Statement of Cash Flows.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">vii.Notes.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">viii.Exhibits.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">ix.Separate Statement of Financial Position.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">x.Separate Statement of Income.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">xi.Separate Statement of Other Comprehensive
Income.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">xii.Separate Statement of Changes in Shareholders'
Equity.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">xiii.Separate Statement of Cash Flows.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">xiv.Notes.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm">xv.Exhibits.</P>


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

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify; text-indent: 0cm"><B>II.<U>SCOPE OF OUR EXAMINATION</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; 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: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">In conducting our examination of the documents detailed in
paragraph I, we have examined the work performed by the external auditors PISTRELLI, HENRY MARTIN Y ASOCIADOS S.R.L., 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>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; 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: 10pt BBVABentonSans; margin: 0 0 6pt; 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: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify"><B><U>EMPHASIS OF MATTER</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">In Note 2. &ldquo;Basis for the preparation of these Financial
Statements and applicable accounting standards &ndash; Applicable Accounting Standards&rdquo; where the Bank quantifies the effects of
the application of section 5.5 &ldquo;Impairment in value&rdquo; of IFRS 9 &ldquo;Financial instruments&rdquo; to financial assets that
comprise exposures to the public sector, which were temporarily excluded from such application through BCRA Communiqu&eacute; &ldquo;A&rdquo;
6847, which are explained in the note.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">In Note 2. &ldquo;Basis for the preparation of these Financial
Statements and applicable accounting standards &ndash; Applicable Accounting Standards&rdquo;, where the Bank discloses that (i) as of
December 31, 2021, to measure the fair value of a specific equity instrument it applied the requirements issued by the BCRA through the
memorandum dated April 29, 2019, and March 22, 2021, and (ii) given that in March 2022 the shares related to the abovementioned interest
were transferred, the proceeds from the sale thereof were booked under the net income for the current fiscal year, and this recognition
method differs from the one that should have been afforded under IFRS.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">In Note 2. &ldquo;Basis for the preparation of these Financial
Statements and applicable accounting standards &ndash; Applicable Accounting Standards&rdquo;, whereby the Bank discloses that (i) for
the purposes of measuring income tax liabilities it had applied the requirements established by BCRA Memorandum dated May 29, 2017 and
(ii) due to the situation occurred in fiscal 2021 the accrual was fully reversed as of June 30, 2021, and the effects were booked under
the net income for 2021; this recognition method differs from that which should have been applied under IFRS, since according
to the latter, the effect should have been recognized in previous years.</P>


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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify"><B>Other matters</B></P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">The Entity&rsquo;s financial statements for the fiscal year
ended December 31, 2021 were not audited by the current auditors but by other auditors, who on March 3, 2022, expressed an unqualified
opinion with respect to the accounting standards set forth by the BCRA on said financial statements..</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">These matters do not change the opinion expressed but they
should be taken into account by those who use IFRS for the interpretation of the financial statements indicated in paragraph 1.</P>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify"><B>IV&nbsp;<U>OPINION</U></B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">We have examined the Entity's financial statements as of December
31, 2022 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, 2022, 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.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify"><B><U>INFORMATION REQUIRED BY APPLICABLE PROVISIONS</U>. </B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; 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 considering what was mentioned in Note 2.7 to the consolidated financial statements, they arise from accounting records
kept, in all formal aspects, in accordance with the laws in force and the conditions set forth in Resolution No. DI-2021-6-APN-GRC#CNV
of the CNV dated February 25, 2021.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; 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: 10pt BBVABentonSans; margin: 0 0 6pt; 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>

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

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">City of Buenos Aires, March 6, 2023</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; 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: 100%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">GONZALO VIDAL DEVOTO</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: center">LAWYER</P>
    <P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: center">C.P.A.C.F. Volume 97 &ndash; Page 910</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-family: Palatino,serif; text-align: center"><FONT STYLE="font-family: BBVABentonSans; font-size: 10pt">On behalf of the Supervisory Committee</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

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

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

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


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